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SMM Brief on SHFE Zinc Futures (2014-6-20)
Jun 20,2014 18:06CST
price review forecast
Source:SMM
SHFE 1408 zinc contract prices opened at RMB 15,600/mt on Thursday evening, then touched as high as RMB 15,645/mt, and closing at RMB 15,640/mt, up RMB 115/mt or 0.74%.

SHANGHAI, Jun. 20 (SMM) – SHFE 1408 zinc contract prices opened at RMB 15,600/mt on Thursday evening, then touched as high as RMB 15,645/mt, and closing at RMB 15,640/mt, up RMB 115/mt or 0.74%.

SHFE 1409 zinc contracts became the most actively traded contracts on Friday, with total positions increasing significantly, pushed up by rising LME zinc prices. SHFE 1409 zinc contract prices touched an intraday high of RMB 15,815/mt, then fluctuated between RMB 15,710-15,800/mt, and closed at RMB 15,765/mt, up RMB 205/mt or 1.32%. Trading volumes increased by 63,572 lots, to 95,574 lots, and total positions increased by 27,130 lots, to 119,822 lots.
 

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