SMM Zinc Market Daily Review (2015-9-25)-Shanghai Metals Market

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SMM Zinc Market Daily Review (2015-9-25)

Price Review & Forecast 11:01:28AM Sep 28, 2015 Source:SMM

SHANGHAI, Sept. 28 (SMM) – SHFE 1511 zinc contract prices opened at RMB 13,780/mt last Thursday evening, then surged to RMB 13960/mt, and inched lower to RMB 13,840/mt at the end of trading, and closed at RMB 13,840/mt, up RMB 150/mt or 1.1%. Trading volumes were 196,000 lots. Total positions decreased 7,524 to 140,000. SHFE 1512 zinc contracts became the most actively traded contracts last Friday, with prices opening at RMB 13,775/mt, and down to RMB 13,570/mt with tumbling stock markets, and closing at RMB 13,615/mt, down RMB 25/mt. Trading volumes increased 49,120 to 165,000 lots, and total positions grew 6,778 to 142,000. Trading volumes of SHFE 1511 zinc contracts grew 50,000 to 382,000 lots. Total positions decreased over 20,000.

#0 zinc prices were between RMB 14,030-14,140/mt, RMB 190-350/mt above SHFE 1511 zinc contract prices. #1 zinc traded at RMB 13,850-13,860/mt. Imported zinc were RMB 100/mt below or RMB 100/mt above SHFE 1511 zinc contract prices. Traded prices were between RMB 13,870-13,990/mt in the afternoon, with overall transactions stable.


Key Words:  SHFE zinc prices 

SMM Zinc Market Daily Review (2015-9-25)

Price Review & Forecast 11:01:28AM Sep 28, 2015 Source:SMM

SHANGHAI, Sept. 28 (SMM) – SHFE 1511 zinc contract prices opened at RMB 13,780/mt last Thursday evening, then surged to RMB 13960/mt, and inched lower to RMB 13,840/mt at the end of trading, and closed at RMB 13,840/mt, up RMB 150/mt or 1.1%. Trading volumes were 196,000 lots. Total positions decreased 7,524 to 140,000. SHFE 1512 zinc contracts became the most actively traded contracts last Friday, with prices opening at RMB 13,775/mt, and down to RMB 13,570/mt with tumbling stock markets, and closing at RMB 13,615/mt, down RMB 25/mt. Trading volumes increased 49,120 to 165,000 lots, and total positions grew 6,778 to 142,000. Trading volumes of SHFE 1511 zinc contracts grew 50,000 to 382,000 lots. Total positions decreased over 20,000.

#0 zinc prices were between RMB 14,030-14,140/mt, RMB 190-350/mt above SHFE 1511 zinc contract prices. #1 zinc traded at RMB 13,850-13,860/mt. Imported zinc were RMB 100/mt below or RMB 100/mt above SHFE 1511 zinc contract prices. Traded prices were between RMB 13,870-13,990/mt in the afternoon, with overall transactions stable.


Key Words:  SHFE zinc prices