SHFE Zinc Prices down 2.18% (2016-12-22)

Published: Dec 22, 2016 17:40

Save

SHFE 1702 zinc dived to RMB 21,090/mt after opening and finally closed at RMB 20,830/mt, down RMB 465/mt or 2.18%.

SHANGHAI, Dec. 22 (SMM) – On Thursday, SHFE 1702 zinc dived to RMB 21,090/mt after opening. During the afternoon trading, SHFE 1702 zinc dropped to RMB 20,690/mt quickly, hurt by positions opening by shorts. The contract finally closed at RMB 20,830/mt, down RMB 465/mt or 2.18%. Trading volumes were up 4,136 to 407,000 lots and positions were down 4,702 to 189,000. Ferrous metals dropped sharply on Thursday and base metals fell across the board. SHFE 1702 zinc failed rallying to the 40-day moving average on Wednesday with lack of rising strength.

SHFE 1702 zinc will keep fluctuating weakly on Thursday’s night trading.

SHFE zinc LME zinc zinc prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

July Refined Zinc Production Continues to Decline, Watch Actual Maintenance at Major Smelters [SMM Analysis]

[July Refined Zinc Production Continues to Decline, Watch Actual Maintenance at Large Smelters] According to SMM statistics, in June 2026, SMM China refined zinc production fell by around 18,000 mt, or over 3.2%, MoM and 3.8% YoY. Cumulative production from January to June increased by over 4% YoY, falling short of expectations...

1 hour ago

2 hours ago

[SMM Flash] Qatar July Sulfur Official Contract Price at $890/mt

Market sources say Qatar's July sulfur official contract price has been released at $890/mt, up $85/mt MoM.

2 hours ago

3 hours ago

Supply Side Supports SHFE Zinc Rise, Overnight Price Center Edges Up [SMM Zinc Morning Comment]

[SMM Zinc Morning Comment] Overnight, the most-traded SHFE zinc 2608 contract opened at 24,460 yuan/mt. In early trading, the price edged up slightly before drifting lower to a low of 24,420 yuan/mt. Subsequently, bulls added positions, driving the price up to a high of 24,620 yuan/mt. Towards the end of the session, as bulls reduced positions, upward momentum waned, and the contract finally settled up at 24,585 yuan/mt, up 235 yuan/mt, or 0.97%. Trading volume fell to 59,930 lots, while open interest increased by 3,478 lots to 98,932 lots.

3 hours ago