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

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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. 

Price

more
1# Zinc
Apr.19
21820.0
-40.0
(-0.18%)
0# Zinc
Apr.19
21890.0
-40.0
(-0.18%)
T/C for domestic zinc concentrate
Apr.01
6350.0
200.0
(3.25%)
T/C for imported zinc concentrate
Apr.01
240.0
5.0
(2.13%)
Zinc Alloy (Zamak3/ZX01)
Apr.19
22790.0
-40.0
(-0.18%)

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.