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TMCNet:  Futures market survey: 60 pct bullish about Shanghai zinc on Mon.

[February 03, 2013]

Futures market survey: 60 pct bullish about Shanghai zinc on Mon.

BEIJING, Feb 03, 2013 (Xinhua via COMTEX) -- About 60 percent futures experts survey ed by the China Finance Corporation, a financial information provider run by Xinhua News Agency, are bullish about zinc futures traded on th e Shanghai Futures Exchange (SHFE) on Monday, while 40 percent expect range-bound trading of the commodity.


Benchmark zinc contract, for May delivery, opened 16,160 yuan/tonne on Monday morning.

Futures experts here include futures brokers, research institutions and other market observers.

The futures brokers that are bullish about Shanghai zinc include Ne w Era Futures, Galaxy Futures, and Jintai Futures.

The futures brokers that expect range-bound trading of Shanghai zin c include Sinosteel Futures and Maike Futures.

(Edited by Huang Xiaolan, huangxiaolan@xinhua.org)

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