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SMM Brief on SHFE Zinc Futures (2014-4-21)
Apr 21,2014 17:39CST
price review forecast
Source:SMM
SHFE 1407 zinc contract prices opened at RMB 15,060/mt last Friday evening, and then moved between RMB 15,050-15,070/mt.

SHANGHAI, Apr. 21 (SMM) – 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 opened at RMB 15,055/mt on Monday, then fluctuated narrowly between RMB 15,050-15,075/mt, and closing at RMB 15,065/mt, up RMB 10/mt or 0.07%. Trading volumes decreased by 3,652 lots, to 10,584 lots, and total positions increased by 898 lots, to 64,482 lots.
 

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