SMM Zinc Market Daily Review (2015-6-26)

Published: Jun 29, 2015 09:54 (GMT+8)

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SHFE 1509 zinc contract prices opened at RMB 15,625/mt, then hovered between RMB 15,600-15,670/mt.

SHANGHAI, Jun. 29 (SMM) – SHFE 1509 zinc contract prices opened at RMB 15,625/mt, then hovered between RMB 15,600-15,670/mt. Finally, SHFE 1509 zinc contract prices closed at RMB 15,660/mt. SHFE 1509 zinc contract prices fluctuated between RMB 15,635-15,675/mt on Friday, dipping to RMB 15,575/mt before rallying, closing at RMB 15,625/mt, down RMB 65/mt or 0.41%. Trading volumes increased 4,188 to 78,198 lots, and total positions grew 5,700 to 116,970. SHFE 1509 zinc contract prices will fall to test support from RMB 15,600/mt.

#0 zinc prices were between RMB 15,660-15,680/mt, RMB 10/mt below or RMB 10/mt above SHFE 1509 zinc contract prices. #1 zinc prices were RMB 15,620-15,630/mt. SHFE 1509 zinc contract prices fluctuated between RMB 15,650-15,670/mt, down RMB 20-30/mt, with spot premiums between RMB 0-20/mt in the morning, but narrowing to zero due to weak downstream buying interest. Traders also lacked interest in operations due to month-end settlement. SHFE 1509 zinc contract prices edged down RMB 20-30/mt in the afternoon, with spot prices RMB 0-10/mt above SHFE 1509 zinc contract prices.

SHFE zinc prices

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