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

[December 17, 2012]

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

BEIJING, Dec 17, 2012 (Xinhua via COMTEX) -- About 60 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 Tuesday, while 40 percent expect range-bound trading of the commodity.
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The SHFE benchmark zinc contract, for February delivery, opened 15 yuan higher at 15,625 yuan/t on Tuesday morning.

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

The futures brokers that are bullish about Shanghai zinc include Galaxy Futures, New Era Futures and Minmetals Futures.

The futures brokers that expect range trading of Shanghai zinc include Sinosteel Futures and Maike Futures. (Edited by Wang Li, wangle1@xinhua.org)

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