Futures market survey: 80 pct expect range trading of Shanghai zinc on Mon.
BEIJING, Jul 22, 2012 (Xinhua via COMTEX) --
About 80 percent futures exp
erts surveyed by the China Finance Corporation, a financial informatio
n provider run by Xinhua News Agency, expect range-bound trading of zi
nc futures traded on the Shanghai Futures Exchange (SHFE) on Monday, w
hile 20 percent are bullish about the commodity.
Benchmark zinc contract, for November delivery, opened 175 yuan
lower at 14,610 yuan/t on Monday morning.
Futures experts here include futures brokers, research in
stitutions and other market observers.
The futures brokers that are bullish about Shanghai zinc include
The futures brokers that expect range-bound trading of Shanghai
zinc include New Era Futures, Dahua Futures, Huayuan Futures and Shanl
i Futures. (Edited by Hu Pingchao, email@example.com)
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