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SHFE Zinc Prices Finish with Losses (Oct. 27, 2014)
Oct 27,2014 17:00CST
price review forecast
Source:SMM
SHFE 1412 zinc contract prices opened at RMB 16,660/mt last Friday, then falling from RMB 16,660/mt due to selling pressure.

SHANGHAI, Oct. 27 (SMM) – SHFE 1412 zinc contract prices opened at RMB 16,660/mt last Friday, then falling from RMB 16,660/mt due to selling pressure, dipping to as low as RMB 16,555/mt and closing at RMB 16,595/mt, down RMB 20/mt or 0.12%.

SHFE 1412 zinc contract prices opened at RMB 16,595/mt October 27, moving between RMB 16,580-16,620/mt in the morning, and plunging to RMB 16,500/mt in the afternoon, and closing at RMB 16,555/mt, down RMB 60/mt or 0.36%. Trading volumes decreased 46,028, to 242,234 lots, and total positions were down 11,820 lots to 132,828 lots. SHFE 1412 zinc contract prices are expected to fall further with LME zinc prices.
 

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