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SMM Brief on SHFE Zinc Futures (2014-6-24)
Jun 24,2014 17:22CST
price review forecast
Source:SMM
SHFE 1409 zinc contract prices opened at RMB 15,810/mt on Monday evening, then touched a 15-month high of RMB 15,840/mt, but falling to RMB 15,760/mt later the day, and closing at RMB 15,765/mt.

SHANGHAI, Jun. 24 (SMM) – SHFE 1409 zinc contract prices opened at RMB 15,810/mt on Monday evening, then touched a 15-month high of RMB 15,840/mt, but falling to RMB 15,760/mt later the day, and closing at RMB 15,765/mt, up RMB 5/mt or 0.03%.

SHFE 1409 zinc contract prices opened at RMB 15,765/mt on Tuesday, then fell as a large number of longs left the market, down by as much as 1% in the afternoon. But since LME zinc prices rallied, SHFE 1409 zinc contract price declines slowed and closed at RMB 15,670/mt, down RMB 90/mt or 0.57%. Trading volumes increased by 10,312 lots, to 63,392 lots, and total positions decreased by 4,482 lots, to 126,064 lots. Total positions of SHFE zinc were up 18,712 lots to 99,674 lots.
 

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