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SMM Brief on SHFE Zinc Futures (2014-6-4)
Jun 4,2014 16:53CST
price review forecast
Source:SMM
SHFE 1408 zinc contract prices moved between moving averages with LME zinc prices.

SHANGHAI, Jun. 4 (SMM) – SHFE 1408 zinc contract prices moved between moving averages with LME zinc prices. As a large number of longs entered the market, SHFE 1408 zinc contract prices edged up to RMB 15,200/mt, and closing at RMB 15,190/mt.

SHFE 1408 zinc contract prices opened at RMB 15,195/mt on Wednesday, then moved between RMB 15,165-15,185/mt, with transactions muted, and closing at RMB 15,175/mt, down RMB 15/mt or 0.1%. Trading volumes decreased by 830 lots, to 11,354 lots, and total positions increased by 268 lots, to 73,146 lots.
 

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