Futures market survey: 60 pct bearish about Shanghai silver on Thu.
BEIJING, Feb 20, 2013 (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 bearish about silver futures
traded on the Shanghai Futures Exchange (SHFE) on Thursday, while 20
percent are bullish and the rest 20 percent expect range-bound trading
of the commodity.
The benchmark silver contract, for June delivery, opened down 1
.87 percent at 6,088 yuan/kg on Thursday.
Futures experts here include futures brokers, research in
stitutions and other market observers.
The futures brokers that are bullish about Shanghai silver incl
ude Zhaojin Futures.
The futures brokers that expect range-bound trading of Shanghai
silver include First Futures.
The futures brokers that are bearish about Shanghai silver incl
ude Donghua Futures, Jintai Futures and Hongyuan Futures. (Edited by H
u Pingchao, firstname.lastname@example.org)
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