SHFE 1701 Zinc Closes Slightly Higher (2016-11-23)

Price Review & Forecast 07:23:42PM Nov 23, 2016 Source:SMM

SHANGHAI, Nov. 23 (SMM) – SHFE 1701 zinc surged to RMB 21,660/mt after opening and then fell back to RMB 21,440/mt, but later climbed to RMB 21,530/mt as China raised margins and restricted price change. In the afternoon, SHFE 1701 zinc surged to RMB 21,790/mt and closed at RMB 21,590/mt, up RMB 65/mt or 0.3%. Trading volumes decreased 96,816 lots to 479,000 lots, and positions decreased 14,944 to 240,000. SHFE 1701 zinc is expected to consolidate at highs in the evening session. 

SHFE 1701 Zinc Closes Slightly Higher (2016-11-23)

Price Review & Forecast 07:23:42PM Nov 23, 2016 Source:SMM

SHANGHAI, Nov. 23 (SMM) – SHFE 1701 zinc surged to RMB 21,660/mt after opening and then fell back to RMB 21,440/mt, but later climbed to RMB 21,530/mt as China raised margins and restricted price change. In the afternoon, SHFE 1701 zinc surged to RMB 21,790/mt and closed at RMB 21,590/mt, up RMB 65/mt or 0.3%. Trading volumes decreased 96,816 lots to 479,000 lots, and positions decreased 14,944 to 240,000. SHFE 1701 zinc is expected to consolidate at highs in the evening session.