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SMM Brief on SHFE Zinc Futures (2014-6-13)
Jun 13,2014 18:19CST
price review forecast
Source:SMM
SHFE 1408 zinc contract prices opened at RMB 15,525/mt on Thursday evening, then fell below the 5-day moving average, and closing at RMB 15,325/mt, down RMB 255/mt or 1.64%.

SHANGHAI, Jun. 13 (SMM) – SHFE 1408 zinc contract prices opened at RMB 15,525/mt on Thursday evening, then fell below the 5-day moving average, and closing at RMB 15,325/mt, down RMB 255/mt or 1.64%.

SHFE 1408 zinc contract prices opened at RMB 15,325/mt, and rose to RMB 15,400/mt due to rising LME zinc prices, but were weighed down as a large number of longs left the market after profit-taking, and closing at RMB 15,365/mt, down RMB 215/mt or 1.38%. Trading volumes decreased by 30,026 lots, to 52,372 lots, and total positions decreased by 11,492 lots, to 111,326 lots.
 

zinc prices

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