SHFE 1701 Zinc Closes Higher (2016-11-14)-Shanghai Metals Market

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SHFE 1701 Zinc Closes Higher (2016-11-14)

Price Review & Forecast 05:54:53PM Nov 14, 2016 Source:SMM

SHANGHAI, Nov. 14 (SMM) – SHFE 1701 zinc rose to RMB 21,010/mt immediately after opening, hovering in a RMB 130/mt range. In the afternoon, SHFE 1701 zinc fell to RMB 20,610/mt initially and then rebounded to RMB 21,795/mt as shorts reduced positions, and closed at RMB 21,275/mt, up RMB 555/mt or 2.68%. Trading volumes increased 560,000 to 1.17 million lots, and positions decreased 15,064 to 249,000. SHFE 1701 zinc is expected to rise further in the evening. 

Key Words:  zinc prices 

SHFE 1701 Zinc Closes Higher (2016-11-14)

Price Review & Forecast 05:54:53PM Nov 14, 2016 Source:SMM

SHANGHAI, Nov. 14 (SMM) – SHFE 1701 zinc rose to RMB 21,010/mt immediately after opening, hovering in a RMB 130/mt range. In the afternoon, SHFE 1701 zinc fell to RMB 20,610/mt initially and then rebounded to RMB 21,795/mt as shorts reduced positions, and closed at RMB 21,275/mt, up RMB 555/mt or 2.68%. Trading volumes increased 560,000 to 1.17 million lots, and positions decreased 15,064 to 249,000. SHFE 1701 zinc is expected to rise further in the evening. 

Key Words:  zinc prices