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TMCNet:  Futures market survey: 60 pct expect range trading of Shanghai zinc on Thu.

[November 21, 2012]

Futures market survey: 60 pct expect range trading of Shanghai zinc on Thu.

BEIJING, Nov 21, 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 the zinc futures traded on the Shanghai Futures Exchange (SHFE) on Thursday, while 20 percent are bullish and the rest 20 percent are negative about the commodity.
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The SHFE benchmark zinc contract, for February delivery, opened 15 yuan higher at 14,970 yuan/t on Thursday morning.

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

The futures brokers that are bullish about Shanghai zinc include Shanli Futures.

The futures brokers that expect range trading of Shanghai zinc include Jinpeng Futures, Huayuan Futures and New Era Futures.

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

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