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SMM Zinc Market Morning Review (2014-4-21)
Apr 21,2014 09:31
CSTprice review forecast
Source:SMM
The LME market will remain closed today.
SHANGHAI, Apr. 21 (SMM) – The LME market will remain closed today.
SHFE 1407 zinc contract prices opened at RMB 15,060/mt last Friday evening, and then moved between RMB 15,050-15,070/mt, with the lack of directions from the LME market and transactions quiet, and closing at RMB 15,055/mt. Trading volumes decreased by 2,288 lots to 3,890 lots, and total positions decreased by 106 lots to 63,584 lots.
With the lack of directions from the LME market, SHFE 1407 zinc contract prices will hover between RMB 15,000-15,100/mt, with spot discounts of RMB 20-60/mt against SHFE 1407 zinc contract prices.
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