SHFE Zinc Prices Finish with Declines (Aug. 28, 2014)-Shanghai Metals Market

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SHFE Zinc Prices Finish with Declines (Aug. 28, 2014)

Price Review & Forecast 04:22:47PM Aug 28, 2014 Source:SMM

SHANGHAI, Aug. 28 (SMM) – SHFE 1411 zinc contract prices opened at RMB 16,800/mt Wednesday evening, then hovered around RMB 16,850/mt, and closing at RMB 16,865/mt, down RMB 45/mt or 0.27%. Trading volumes decreased 31,124 lots to 72,188 lots, and total positions grew by 3,646 to 221,590 lots.

SHFE 1411 zinc contract prices opened at RMB 16,865/mt, touching RMB 16,915/mt before falling back down, fluctuating between RMB 16,830-16,900/mt, and closing at RMB 16,830/mt, down RMB 80/mt or 0.47%. Trading volumes decreased by 50,042 lots, to 217,404 lots, and total positions increased by 10,458 lots to 228,402 lots. SHFE 1411 zinc contract prices are expected to claw back early losses this evening due to strengthening LME zinc prices during European trading hours.

 

Key Words:  zinc prices 

SHFE Zinc Prices Finish with Declines (Aug. 28, 2014)

Price Review & Forecast 04:22:47PM Aug 28, 2014 Source:SMM

SHANGHAI, Aug. 28 (SMM) – SHFE 1411 zinc contract prices opened at RMB 16,800/mt Wednesday evening, then hovered around RMB 16,850/mt, and closing at RMB 16,865/mt, down RMB 45/mt or 0.27%. Trading volumes decreased 31,124 lots to 72,188 lots, and total positions grew by 3,646 to 221,590 lots.

SHFE 1411 zinc contract prices opened at RMB 16,865/mt, touching RMB 16,915/mt before falling back down, fluctuating between RMB 16,830-16,900/mt, and closing at RMB 16,830/mt, down RMB 80/mt or 0.47%. Trading volumes decreased by 50,042 lots, to 217,404 lots, and total positions increased by 10,458 lots to 228,402 lots. SHFE 1411 zinc contract prices are expected to claw back early losses this evening due to strengthening LME zinc prices during European trading hours.

 

Key Words:  zinc prices