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SMM Zinc Market Daily Review (2015-9-23)

iconSep 24, 2015 09:31
Source:SMM
SHFE 1511 zinc contract prices opened at RMB 13,505/mt Tuesday evening, then dropped to RMB 13,430/mt, and hovered between RMB 13,410-13,440/mt, and closed at RMB 13,440/mt.

SHANGHAI, Sept. 24 (SMM) – SHFE 1511 zinc contract prices opened at RMB 13,505/mt Tuesday evening, then dropped to RMB 13,430/mt, and hovered between RMB 13,410-13,440/mt, and closed at RMB 13,440/mt, down RMB 165/mt or 1.21%. Trading volumes were up 48,728 to 154,000 lots. Total positions decreased 2,376 to 184,420. SHFE 1511 zinc contract prices opened at RMB 13,440/mt on Wednesday, then stabilized at RMB 13,530/mt, and closed at RMB 13,625/mt, up RMB 20/mt. Trading volumes increased 33,278 to 315,708 lots, and total positions fell 10,754 to 176,042.

#0 zinc prices were between RMB 13,790-14,000/mt, RMB 240-480/mt above SHFE 1511 zinc contract prices. #1 zinc traded at RMB 13,650-13,670/mt. Premiums of imported zinc were RMB 0-120/mt. Smelters were unwilling to sell at lows, with spot premiums stable. Premiums of SMC zinc remained at RMB 100/mt, with India zinc prices close to the average SMM #0 zinc price. Trading muted as investors turned cautious. Traded prices were between RMB 13,810-14,030/mt in the afternoon, with overall transactions sluggish. 


SHFE zinc prices
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