SMM Brief on SHFE Zinc Futures (2014-6-11)

SHANGHAI, Jun. 11 (SMM) – SHFE 1408 zinc contract prices opened at RMB 15,390/mt on Monday evening, then touched RMB 15,560/mt, a record high since last April, and closing at RMB 15,555/mt, up RMB 190/mt or 1.24%.

SHFE 1408 zinc contract prices opened at RMB 15,540/mt, and surged to RMB 15,725/mt as a large number of longs entered the market, a record high last seen in March 2013. In the afternoon, SHFE 1408 zinc contract price gains narrowed, and closing at RMB 15,630/mt, up RMB 265/mt or 1.72%. Trading volumes increased by 133,910 lots, to 167,862 lots, and total positions increased by 17,172 lots, to 140,218 lots.