SHFE Zinc Prices Close with Losses (2016-6-15)-Shanghai Metals Market

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SHFE Zinc Prices Close with Losses (2016-6-15)

Price Review & Forecast 05:16:03PM Jun 15, 2016 Source:SMM

SHANGHAI, Jun. 15 (SMM) – SHFE 1608 zinc opened at RMB 15,650/mt overnight, and was more resistant to declines than LME zinc. Trading volumes of SHFE 1608 zinc were 137,000, and positions were down 1,368 to 227,000.

SHFE 1608 zinc hovered around RMB 15,600/mt in the morning, and fluctuated in a RMB 20/mt range, and closed at RMB 15,725/mt, down RMB 115/mt. Trading volumes of SHFE 1608 zinc were down 13,000 to 324,000, and positions were down 15,000 to 213,000. Today is the last trading day for June zinc, which settled at RMB 15,550/mt. Deliveries are expected to be 88,000 mt at the most. Spot premiums were RMB 100/mt against SHFE front-month zinc in Shanghai. August zinc is expected to rally to RMB 15,800/mt.


Key Words:  SHFE zinc prices  zinc prices 

SHFE Zinc Prices Close with Losses (2016-6-15)

Price Review & Forecast 05:16:03PM Jun 15, 2016 Source:SMM

SHANGHAI, Jun. 15 (SMM) – SHFE 1608 zinc opened at RMB 15,650/mt overnight, and was more resistant to declines than LME zinc. Trading volumes of SHFE 1608 zinc were 137,000, and positions were down 1,368 to 227,000.

SHFE 1608 zinc hovered around RMB 15,600/mt in the morning, and fluctuated in a RMB 20/mt range, and closed at RMB 15,725/mt, down RMB 115/mt. Trading volumes of SHFE 1608 zinc were down 13,000 to 324,000, and positions were down 15,000 to 213,000. Today is the last trading day for June zinc, which settled at RMB 15,550/mt. Deliveries are expected to be 88,000 mt at the most. Spot premiums were RMB 100/mt against SHFE front-month zinc in Shanghai. August zinc is expected to rally to RMB 15,800/mt.


Key Words:  SHFE zinc prices  zinc prices