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SMM Brief on SHFE Zinc Futures (2014-4-24)
Apr 24,2014 17:10CST
price review forecast
Source:SMM
SHFE 1407 zinc contract prices opened at RMB 15,125/mt on Wednesday evening.

SHANGHAI, Apr. 24 (SMM) – SHFE 1407 zinc contract prices opened at RMB 15,125/mt on Wednesday evening. As some longs left the market with profit-taking, SHFE 1407 zinc contract prices hovered around opening prices and closed at RMB 15,115/mt, down RMB 50/mt or 0.33%. Trading volumes increased by 1,406 lots to 11,800 lots, and total positions increased by 606 lots to 80,162 lots.

SHFE 1407 zinc contract prices opened at RMB 15,125/mt on Thursday, gaining ground after hovering around the opening price, supported by rising LME zinc prices. at the end of trading, SHFE 1407 zinc contract prices touched an intraday high of RMB 15,200/mt, and closing at RMB 15,195/mt, up RMB 30/mt or 0.2%. Trading volumes increased by 1,194 lots, to 26,522 lots, and total positions increased by 7,084 lots, to 87,246 lots.
 

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