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Futures market survey: 60 pct bearish about Shanghai zinc on Thu.
BEIJING, Jan 16, 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 zinc futures t
raded on the Shanghai Futures Exchange (SHFE) on Thursday, while 40 pe
rcent expect range-bound trading of the commodity.
Benchmark zinc contract, for April delivery, opened flat at 15,
245 yuan/t on Thursday morning.
Futures experts here include futures brokers, research in
stitutions and other market observers.
The futures brokers that expect range-bound trading of Shanghai
zinc include Sinosteel Futures.
The futures brokers that are bearish about Shanghai zinc includ
e HNA Futures, New Era Futures and Galaxy Futures. (Edited by Hu Pingc
hao, hupingchao@xinhua.org)
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