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Home / Metal News / SHFE 1610 zinc Closes with Gains (2016-8-16)

SHFE 1610 zinc Closes with Gains (2016-8-16)

Aug 16, 2016 17:33

Source:SMM

LME zinc closed at USD 2,263.5/mt yesterday.

SHANGHAI, Aug. 16 (SMM) – LME zinc closed at USD 2,263.5/mt yesterday. Trading volumes decreased 1,963 to 10,208 lots, and positions were down 3,706 to 327,400. As of 16:16 on Tuesday, LME zinc closed at USD 2,265/mt, up USD 1.5/mt or 0.07%.

SHFE 1610 zinc closed at RMB 17,390/mt overnight, up RMB 115/mt. Positions of SHFE 1610 zinc decreased 8,000 to 270,300. SHFE 1610 zinc fluctuated around RMB 17,350/mt after opening today, and closed at RMB 17,335/mt, up RMB 60/mt or 0.35%. Trading volumes decreased 111,000 to 289,000 lots, and positions on SHFE 1610 zinc decreased 8,300 to 262,000.

Spot discounts on #0 zinc were RMB 30-10/mt, flat at Monday. Downstream buying interest was weak.

SHFE zinc prices

LME zinc prices

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SHFE 1601 zinc contract prices opened at RMB 12,935/mt Monday evening, then inched down to RMB 12,830/mt, and closed at RMB 12,785/mt, down RMB 225/mt.

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SHFE 1610 zinc Closes with Gains (2016-8-16)

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