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SMM Brief on SHFE Zinc Futures (2014-6-25)
Jun 25,2014 16:21CST
price review forecast
Source:SMM
SHFE 1409 zinc contract prices opened at RMB 15,710/mt on Tuesday evening, then fell to RMB 15,675/mt, and closing at RMB 15,675/mt, down RMB 45/mt or 0.29%.

SHANGHAI, Jun. 25 (SMM) – SHFE 1409 zinc contract prices opened at RMB 15,710/mt on Tuesday evening, then fell to RMB 15,675/mt, and closing at RMB 15,675/mt, down RMB 45/mt or 0.29%.

SHFE 1409 zinc contract prices opened at RMB 15,670/mt on Wednesday, then fell along with LME zinc prices and as a large number of longs left the market, dropping to as low as RMB 15,615/mt. in the afternoon, SHFE 1409 zinc contract prices rose since LME zinc prices strengthened, and closed at RMB 15,715/mt, down RMB 5/mt or 0.03%. Trading volumes during day trading decreased by 15,978 lots, to 47,414 lots, and trading volumes for both day and night sessions decreased by 33,174 lots to 66,500 lots, and total positions increased by 8,094 lots, to 136,838 lots. Total positions of SHFE zinc were up 18,712 lots to 99,674 lots.
 

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