SHFE 1611 zinc Closes with Gains (2016-9-1)

Published: Sep 1, 2016 17:39

Save

SHFE 1611 zinc opened at RMB 18,000/mt overnight, and closed at RMB 18,085/mt, up RMB 70/mt.

SHANGHAI, Sep. 1 (SMM) – SHFE 1611 zinc opened at RMB 18,000/mt overnight, and closed at RMB 18,085/mt, up RMB 70/mt. Trading volumes on SHFE 1611 zinc were 105,000 lots, and positions increased 16,000 to 306,000. Positions on SHFE zinc were nearly 700,000 to hit a record high.

SHFE 1611 zinc extended gains today, and reached RMB 18,200/mt after opening. In the afternoon, SHFE 1611 zinc climbed to RMB 18,370/mt and closed at RMB 18,345/mt, up RMB 330/mt. Trading volumes on SHFE 1611 zinc increased 29,000 to 308,000 lots, and positions added 41,000 to 332,000. Positions on SHFE zinc jumped 51,000 to 718,000 lots, and trading volumes reached 718,000.

SHFE zinc prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

56 mins ago

India gold market update: Recovery taking shape

56 mins ago

1 hour ago

Eastplats Reports Weaker Second Quarter 2026 Results as PGM Production Declines

[SMM Flash] Eastern Platinum Limited (Eastplats) reported weaker financial and operational results for the second quarter of 2026, with revenue falling 25.8% year on year to USD 7.9 million. The company recorded a USD 7.9 million operating loss compared with USD 3 million in Q2 2025, while net loss attributable to shareholders widened to USD 6.1 million from USD 1.8 million. Eastplats attributed the deterioration mainly to lower PGM sales volumes and higher production costs at its Crocodile River Mine (CRM) in South Africa. PGM production fell to 4,356 oz of 6E in Q2 2026 from 6,781 oz a year earlier, while PGM concentrate production declined to 810 tonnes from 1,401 tonnes. ROM feed also decreased to 51,160 tonnes from 75,340 tonnes. Despite lower output, the average 6E PGM grade increased to 167 g/t from 151 g/t, indicating stronger grades but insufficient throughput. Eastplats said it will focus on operational efficiencies to improve PGM and chrome production as it continues ramping up the Zandfontein underground section at the Crocodile River Mine.

1 hour ago

[SMM Precious Metals]

The latest market assessment from Heraeuss, a global precious metals and materials company, indicates that South African PGM mine supply saw a significant recovery in H1 2026, but the current growth more reflects a normalization after the severe weather disruptions in 2025 rather than the industry entering a new cycle of sustained production growth. Heraeus expects global platinum mine production in 2026 to remain roughly flat at 5.2 million ounces.

1 hour ago