SHFE 1701 Zinc Closes with Sharp Gains (2016-11-25)

Price Review & Forecast 08:19:45PM Nov 25, 2016 Source:SMM

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. 

SHFE 1701 Zinc Closes with Sharp Gains (2016-11-25)

Price Review & Forecast 08:19:45PM Nov 25, 2016 Source:SMM

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.