SHANGHAI, Nov. 25 (SMM) – Ferrous metals prices strengthened today, with coking coal and coke prices for future delivery surging.
SHFE 1701 zinc dipped to RMB 22,660/mt briefly, and then rallied to RMB 23,090/mt. SHFE 1701 zinc closed at RMB 23,045/mt, up RMB 790/mt or 3.55%. Trading volumes decreased 215,000 lots to 586,000 lots, and positions decreased 9,842 to 227,000. SHFE 1701 zinc is expected to consolidate at highs in the evening session.