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Futures market survey: 60 pct expect range trading of Shanghai zinc on Wed.
BEIJING, Jun 19, 2012 (Xinhua via COMTEX) --
About 60 percent futures experts
surveyed by the China Finance Corporation, a financial information
provider run by Xinhua News Agency, expect range-bound trading of
zinc futures traded on the Shanghai Futures Exchange (SHFE) on
Wednesday, while 20 percent are bullish and the rest 20 percent are
negative about the commodity.
The SHFE benchmark zinc contract, for July delivery, opened 5
yuan higher at 14,910 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 New Era Futures.
The futures brokers that expect range trading of Shanghai zinc
include ITG Futures, Huayuan Futures and Dadi Futures.
The futures brokers that are bullish about Shanghai zinc
include Donghua Futures.
(Edited by Wang Li, wangle1@xinhua.org)
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