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SHFE Zinc Prices Rose, Seen at RMB 17,000/mt (Aug. 5, 2014)
Aug 5, 2014 17:23CST
Source:SMM
SHFE 1410 zinc contract prices opened at RMB 16,950/mt on Monday evening, touching RMB 17,190/mt and closing at RMB 17,135/mt, up RMB 325/mt or 1.93%.

SHANGHAI, Aug. 5 (SMM) – SHFE 1410 zinc contract prices opened at RMB 16,950/mt on Monday evening, touching RMB 17,190/mt and closing at RMB 17,135/mt, up RMB 325/mt or 1.93%. Trading volumes increased by 89,258 to 319,160 lots, and total positions increased by 25,156 to 299,892 lots.

SHFE 1410 zinc contract prices opened at RMB 17,130/mt on Tuesday, and fell after touching RMB 17,160/mt due to an exodus of investors after profit-taking and falling LME zinc prices, and closed at RMB 17,045/mt, up RMB 235/mt or 1.4%. Trading volumes decreased by 23,508 lots, to 232,294 lots, and total positions decreased by 12,418 lots to 287,474 lots. SHFE 1410 zinc contract prices met resistance at the 10-day moving average, and are expected to hover around RMB 17,000/mt this evening.

 

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