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Home / Metal News / SMM Zinc Market Daily Review (2015-10-16)

SMM Zinc Market Daily Review (2015-10-16)

iconOct 19, 2015 10:02
Source:SMM
SHFE 1512 zinc contract prices opened at RMB 14,530/mt last Thursday evening, and closed at RMB 14,535/mt, down RMB 30/mt.

SHANGHAI, Oct. 19 (SMM) – SHFE 1512 zinc contract prices opened at RMB 14,530/mt last Thursday evening, and closed at RMB 14,535/mt, down RMB 30/mt. Trading volumes were 122,966 lots, and total positions increased 586 to 166,454. SHFE 1512 zinc contract prices closed at RMB 14,395/mt on Friday, down RMB 165/mt. Trading volumes were 299,172 lots. Total positions were 166,444.

#0 zinc prices were between RMB 14,520-14,600/mt, RMB 60-110/mt above SHFE 1512 zinc contract prices. #1 zinc traded at RMB 14,450-14,470/mt. Imported zinc prices ranged from RMB 10/mt below to RMB 50/mt above SHFE 1512 zinc contract prices. Zinc prices rose slightly after opening but edged down during 10:30-11:30 am.. Smelters sold goods while hedge traders also released goods, with imported goods supply growing. Downstream buyers purchased modestly, with overall transactions thin. Traded prices were between RMB 14,530-14,550/mt in the afternoon.

SHFE zinc prices
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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