SMM Brief on SHFE Zinc Futures (2014-6-9)

SHANGHAI, Jun. 9 (SMM) – SHFE 1408 zinc contract prices opened at RMB 15,150/mt last Friday evening, then touched RMB 15,275/mt due to rising LME zinc prices, and closing at RMB 15,265/mt, up RMB 75/mt or 0.49%.

SHFE 1408 zinc contract prices opened at RMB 15,265/mt, falling after touching RMB 15,290/mt, then fluctuating between RMB 15,240-15,260/mt on Monday. As LME zinc prices surged before the end of trading, SHFE 1408 zinc contract prices broke through RMB 15,300/mt, and closing at RMB 15,335/mt, up RMB 145/mt or 0.95%. Trading volumes increased by 29,512 lots, to 38,042 lots, and total positions increased by over 4,816 lots, to 82,024 lots.