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TMCNet:  Futures market survey: 40 pct bullish about Shanghai zinc on Wed.

[February 26, 2013]

Futures market survey: 40 pct bullish about Shanghai zinc on Wed.

BEIJING, Feb 26, 2013 (Xinhua via COMTEX) -- About 40 percent futures experts surveyed by the China Finance Corporation, a financial information provider run by Xinhua News Agency, are bullish about the zinc futures traded on the Shanghai Futures Exchange (SHFE) on Wednesday, while 40 percent are negative and the rest 20 percent expect range-bound trading of the commodity.


The SHFE benchmark zinc contract, for May delivery, opened 115 yuan higher at 15,685 yuan/t on Wednesday morning.

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

The futures brokers that are bullish about Shanghai zinc include Huayuan Futures and Yide Futures.

The futures brokers that expect range trading of Shanghai zinc include New Era Futures.

The futures brokers that are bearish about Shanghai zinc include Dayou Futures and Galaxy Futures. (Edited by Wang Li, wangle1@xinhua.org)

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