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Futures market survey: 60 pct bullish about Shanghai silver on Wed.
BEIJING, Nov 27, 2012 (Xinhua via COMTEX) --
About 60 percent futures exp
erts surveyed by the China Finance Corporation, a financial informatio
n provider run by Xinhua News Agency, are bullish about silver futures
traded on the Shanghai Futures Exchange (SHFE) on Wednesday, while 20
percent expect range-bound trading and the rest 20 percent are bearis
h about the commodity.
The benchmark silver contract, for January delivery, opened 0.5
8 percent lower at 7,005 yuan/kg on Wednesday.
Futures experts here include futures brokers, research in
stitutions and other market observers.
The futures brokers that are bullish about Shanghai silver incl
ude Galaxy Futures, HNA Futures and Anxin Futures.
The futures brokers that expect range-bound trading of Shanghai
silver include Donghua Futures.
The futures brokers that are bearish about Shanghai silver incl
ude Founder Futures.(Edited by Hu Pingchao, hupingchao@xinhua.org)
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