SHFE Zinc Prices Down on Market Bearishness (Jan. 7, 2016)-Shanghai Metals Market

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SHFE Zinc Prices Down on Market Bearishness (Jan. 7, 2016)

Price Review & Forecast 07:13:58PM Jan 07, 2016 Source:SMM

SHANGHAI, Jan. 7 (SMM) – SHFE 1603 zinc contract prices opened at RMB 13,020/mt Wednesday evening, and were resistant to declines on yuan’s devaluation, and closed at RMB 13,095/mt, down RMB 45/mt. Trading volumes were 138,000 lots. Total positions increased 2,530 to 183,000.

SHFE 1603 zinc opened at RMB 13,095/mt on Thursday. China’s stock markets plunged, growing market bearishness. SHFE 1603 zinc closed the day at RMB 12,885/mt, down RMB 255/mt. Trading volumes of SHFE 1603 zinc contracts grew 72,000 to 455,000 lots, with total positions down 2,426 to 178,000. Total positions on SHFE zinc fell over 40,000 this week.

 


Key Words:  zinc prices 

SHFE Zinc Prices Down on Market Bearishness (Jan. 7, 2016)

Price Review & Forecast 07:13:58PM Jan 07, 2016 Source:SMM

SHANGHAI, Jan. 7 (SMM) – SHFE 1603 zinc contract prices opened at RMB 13,020/mt Wednesday evening, and were resistant to declines on yuan’s devaluation, and closed at RMB 13,095/mt, down RMB 45/mt. Trading volumes were 138,000 lots. Total positions increased 2,530 to 183,000.

SHFE 1603 zinc opened at RMB 13,095/mt on Thursday. China’s stock markets plunged, growing market bearishness. SHFE 1603 zinc closed the day at RMB 12,885/mt, down RMB 255/mt. Trading volumes of SHFE 1603 zinc contracts grew 72,000 to 455,000 lots, with total positions down 2,426 to 178,000. Total positions on SHFE zinc fell over 40,000 this week.

 


Key Words:  zinc prices