SMM Brief on SHFE Zinc Futures (2014-4-25)

SHANGHAI, Apr. 25 (SMM) – SHFE 1407 zinc contract prices opened at RMB 15,175/mt on Thursday evening. With rising LME zinc prices, SHFE 1407 zinc contract prices surged to RMB 15,240/mt before falling back, and closed at RMB 15,185/mt, up RMB 35/mt or 0.23%. Trading volumes increased by 4,442 lots to 16,242 lots, and total positions increased by 2,902 lots to 90,148 lots.

SHFE 1407 zinc contract prices opened at RMB 15,185/mt on Friday, and dipped to an intraday low of RMB 15,130/mt. Supported by rising SHFE copper prices, SHFE 1407 zinc contract prices returned above RMB 15,200/mt, touching RMB 15,225/mt at one point, and closing at RMB 15,215/mt, up RMB 65/mt or 0.43%. Trading volumes decreased by 1,032 lots, to 37,290 lots, and total positions increased by 1,946 lots, to 89,192 lots.