SMM Zinc Market Daily Review (2015-11-13)

Published: Nov 16, 2015 09:51

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SHFE 1601 zinc contract prices opened at RMB 12,870/mt Thursday evening, then touched a high of RMB 13,125/mt, and closed at RMB 13,005/mt, up RMB 75/mt.

SHANGHAI, Nov. 16 (SMM) – SHFE 1601 zinc contract prices opened at RMB 12,870/mt Thursday evening, then touched a high of RMB 13,125/mt, and closed at RMB 13,005/mt, up RMB 75/mt. Trading volumes were 520,000 lots, and total positions decreased 4,000 to 219,000. SHFE 1601 zinc contract prices opened at RMB 13,005/mt on Friday, and reached RMB 13,110/mt. With a rising US dollar, SHFE 1601 zinc contract prices fell back to RMB 12,900/mt and closed at RMB 12,955/mt, up RMB 25/mt. Trading volumes increased 94,000 to 829,000 lots. Total positions decreased 40,000 to 219,000.

#0 zinc prices were between RMB 13,280-13,360/mt, RMB 240-300/mt above SHFE 1512 zinc contract prices. #1 zinc traded at RMB 13,160-13,200/mt. Imported zinc were RMB 20/mt below or RMB 120/mt above SHFE 1601 zinc contract prices. Smelters held back goods as spot zinc prices rose slightly. Traders sold normally, and downstream buyers purchased as needed, with overall transactions quiet.

SHFE zinc prices

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