SHFE Zinc Prices Post Losses (May 5, 2016)-Shanghai Metals Market

Hot Keywords

  • Zinc
  • Aluminium
  • Copper scrap
  • Copper
  • Nickel
  • price forecast
  • Market commentary
  • Lead
  • MMi Iron Ore Port Index
  • Evening comments
  • Alumina
  • Stainless steel
  • Futures movement
  • Steel
  • Morning comments

SHFE Zinc Prices Post Losses (May 5, 2016)

Price Review & Forecast 04:32:30PM May 05, 2016 Source:SMM

SHANGHAI, May 5 (SMM) – SHFE 1607 zinc opened at RMB 14,960/mt last evening and dived to RMB 14,910/mt. The contract later moved above RMB 15,000/mt before closing at RMB 15,015/mt, down RMB 50/mt. Trading volumes of SHFE 1607 zinc were 139,000, and positions grew 4,284 to 150,000.

SHFE 1607 zinc hovered around RMB 15,000/mt on Thursday and once sank to RMB 14,885/mt with shorts gathering strength. The contract later rallied to RMB 14,950/mt and closed at RMB 14,900/mt, down RMB 165/mt. Trading volumes of SHFE 1607 zinc grew 90,000 to 303,000, and positions were up 12,000 to 158,000.  

 


Key Words:  SHFE zinc prices 

SHFE Zinc Prices Post Losses (May 5, 2016)

Price Review & Forecast 04:32:30PM May 05, 2016 Source:SMM

SHANGHAI, May 5 (SMM) – SHFE 1607 zinc opened at RMB 14,960/mt last evening and dived to RMB 14,910/mt. The contract later moved above RMB 15,000/mt before closing at RMB 15,015/mt, down RMB 50/mt. Trading volumes of SHFE 1607 zinc were 139,000, and positions grew 4,284 to 150,000.

SHFE 1607 zinc hovered around RMB 15,000/mt on Thursday and once sank to RMB 14,885/mt with shorts gathering strength. The contract later rallied to RMB 14,950/mt and closed at RMB 14,900/mt, down RMB 165/mt. Trading volumes of SHFE 1607 zinc grew 90,000 to 303,000, and positions were up 12,000 to 158,000.  

 


Key Words:  SHFE zinc prices