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SMM Brief on SHFE Zinc Futures (2014-4-29)
Apr 29,2014 17:08CST
price review forecast
Source:SMM
SHFE 1407 zinc contract prices opened at RMB 15,125/mt on Monday evening, and then hovered between RMB 15,120-15,150/mt.

SHANGHAI, Apr. 29 (SMM) – SHFE 1407 zinc contract prices opened at RMB 15,125/mt on Monday evening, and then hovered between RMB 15,120-15,150/mt, and closed at RMB 15,125/mt, down RMB 25/mt or 0.17%. Trading volumes decreased by 2,306 lots to 5,356 lots, and total positions increased by 520 lots to 87,088 lots.

SHFE 1407 zinc contract prices opened at RMB 15,130/mt on Tuesday, and then moved between RMB 15,120-15,150/mt most of the day. Before the end of trading, SHFE 1407 zinc contract prices plunged as a large number of longs left the market, dipping to RMB 15,040/mt at one point, and closing at RMB 15,065/mt, down RMB 85/mt or 0.56%. Trading volumes decreased by 3,144 lots, to 20,880 lots, and total positions increased by 2,542 lots, to 89,630 lots.
 

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