SHFE 1701 Zinc Close Higher (2016-11-9)-Shanghai Metals Market

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SHFE 1701 Zinc Close Higher (2016-11-9)

Price Review & Forecast 06:18:19PM Nov 09, 2016 Source:SMM

SHANGHAI, Nov. 9 (SMM) –Trump won majority of US general election, allowing risk aversion to grow. SHFE 1701 zinc fell from RMB 20,185/mt to RMB 19,630/mt after opening, and closed at RMB 19,840/mt, up RMB 115/mt or 0.58%. Trading volumes decreased 269,000 to 672,000 lots, and positions decreased 9,848 to 258,000. SHFE 1701 zinc is expected to return to RMB 20,000/mt this evening. 

Key Words:  zinc prices 

SHFE 1701 Zinc Close Higher (2016-11-9)

Price Review & Forecast 06:18:19PM Nov 09, 2016 Source:SMM

SHANGHAI, Nov. 9 (SMM) –Trump won majority of US general election, allowing risk aversion to grow. SHFE 1701 zinc fell from RMB 20,185/mt to RMB 19,630/mt after opening, and closed at RMB 19,840/mt, up RMB 115/mt or 0.58%. Trading volumes decreased 269,000 to 672,000 lots, and positions decreased 9,848 to 258,000. SHFE 1701 zinc is expected to return to RMB 20,000/mt this evening. 

Key Words:  zinc prices