Metals News
SHFE 1611 zinc Closes with Gains (2016-9-1)
price review forecast

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. 

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