SMM Brief on SHFE Zinc Futures (2014-6-19)

SHANGHAI, Jun. 19 (SMM) – SHFE 1408 zinc contract prices opened at RMB 15,540/mt on Wednesday evening, then touched as high as RMB 15,580/mt boosted by LME zinc prices, and closing at RMB 15,545/mt, up RMB 30/mt or 0.19%.

SHFE 1408 zinc contract prices opened at RMB 15,550/mt on Thursday, and dipped to an intraday low of RMB 15,455/mt as a large number of longs left the market. But boosted by LME zinc prices, SHFE 1408 zinc contract prices rallied and closed at RMB 15,525/mt, up RMB 10/mt or 0.06%. Trading volumes decreased by 22,858 lots, to 32,522 lots, and total positions decreased by 5,304 lots, to 101,024 lots.