SHFE 1701 Zinc Closes with Big Gains (2016-11-28)-Shanghai Metals Market

Hot Keywords

  • Zinc
  • Market commentary
  • Aluminium
  • Futures movement
  • Copper
  • Inventory data
  • Lead
  • Evening comments
  • Macroeconomics
  • MMi Iron Ore Port Index
  • Li-Ion Battery Cathode Material
  • Morning comments
  • Customs data
  • Silicon
  • Nickel

SHFE 1701 Zinc Closes with Big Gains (2016-11-28)

Price Review & Forecast 08:49:44PM Nov 28, 2016 Source:SMM

SHANGHAI, Nov. 28 (SMM) – Ferrous metals prices and nonferrous metals rose across the board today.

SHFE 1701 zinc dipped to RMB 24,410/mt after opening, and then hovered around RMB 24,350/mt. In the afternoon, SHFE 1701 zinc rose by daily limit and hit RMB 24,410/mt, closed at RMB 24,410/mt, up RMB 1,595/mt or 6.99%. Trading volumes decreased 70,154 lots to 516,000 lots, and positions decreased 12,826 to 215,000. SHFE 1701 zinc is expected to consolidate at highs in the evening session. 

Key Words:  zinc prices 

Price

more
1# Zinc
Apr.22
21890.0
70.0
(0.32%)
0# Zinc
Apr.22
21960.0
70.0
(0.32%)
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 Big Gains (2016-11-28)

Price Review & Forecast 08:49:44PM Nov 28, 2016 Source:SMM

SHANGHAI, Nov. 28 (SMM) – Ferrous metals prices and nonferrous metals rose across the board today.

SHFE 1701 zinc dipped to RMB 24,410/mt after opening, and then hovered around RMB 24,350/mt. In the afternoon, SHFE 1701 zinc rose by daily limit and hit RMB 24,410/mt, closed at RMB 24,410/mt, up RMB 1,595/mt or 6.99%. Trading volumes decreased 70,154 lots to 516,000 lots, and positions decreased 12,826 to 215,000. SHFE 1701 zinc is expected to consolidate at highs in the evening session. 

Key Words:  zinc prices