SHFE Zinc Prices Finish with Gains (Oct. 14, 2014)

SHANGHAI, Oct. 14 (SMM) – SHFE 1412 zinc contract prices opened at RMB 16,830/mt overnight, and rose to RMB 16,800-16,850/mt after briefly dipping to the 5-day moving average, and closed at RMB 16,825/mt, up RMB 95/mt or 0.57%. Trading volumes decreased 92,352 to 137,852 lots, and total positions increased by 5,672 to 172,846 lots.

SHFE 1412 zinc contract prices opened at RMB 16,820/mt October 14, then fluctuated between RMB 16,780-16,830/mt, and closed at RMB 16,805/mt, up RMB 75/mt or 0.75%. Trading volumes decreased 131,924, to 272,048 lots, and total positions were down 6,760 lots to 160,414 lots. SHFE 1412 zinc contract prices are expected to fluctuate around RMB 16,800/mt.