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SMM Brief on SHFE Zinc Futures (2014-7-7)
Jul 7,2014 16:31CST
price review forecast
Source:SMM
SHFE 1409 zinc contract prices opened at RMB 16,240/mt last Friday evening, then moved between RMB 16,130-16,230/mt, and closing at RMB 16,170/mt.

SHANGHAI, Jul. 7 (SMM) – SHFE 1409 zinc contract prices opened at RMB 16,240/mt last Friday evening, then moved between RMB 16,130-16,230/mt, and closing at RMB 16,170/mt, down RMB 20/mt or 0.12%. Trading volumes decreased by 88,548 lots, to 111,740 lots, and total positions increased by 2,216 lots to 223,106 lots.

SHFE 1409 zinc contract prices opened at RMB 16,165/mt on Monday, and then dropped below RMB 16,000/mt as a large number of longs left the market, dipping to as low as RMB 15,950/mt, and closing at RMB 16,040/mt, down RMB 150/mt or 0.93%. Trading volumes increased by 14,038 lots, to 207,006 lots, and total positions of SHFE 1409 zinc contracts decreased by 23,542 lots to 199,564 lots.
 

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