SMM Brief on SHFE Zinc Futures (2014-4-30)

SHANGHAI, Apr. 30 (SMM) – SHFE 1407 zinc contract prices opened at RMB 15,080/mt on Tuesday evening, and then hovered between RMB 15,060-15,090/mt, and closed at RMB 15,070/mt, down RMB 50/mt or 0.33%. Trading volumes decreased by 990 lots to 4,366 lots, and total positions decreased by 2 lots to 89,628 lots.

SHFE 1407 zinc contract prices leveled out after opening on Wednesday, then followed a “V” curve, dipping to RMB 15,020/mt, and closing at RMB 15,070/mt. Trading volumes decreased by 3,312 lots, to 17,568 lots, and total positions decreased by 1,838 lots, to 87,790 lots.