SHFE 1703 Zinc Closes with Losses (2017-1-20)

Published: Jan 20, 2017 18:35
SHFE 1703 zinc moved around RMB 22,450/mt after opening today, fluctuating in a RMB 80/mt range. In the afternoon, SHFE 1703 zinc dipped to RMB 21,990/mt and closed at RMB 22,145/mt, down RMB 255/mt o

SHANGHAI, Jan. 20 (SMM) – SHFE 1703 zinc moved around RMB 22,450/mt after opening today, fluctuating in a RMB 80/mt range. In the afternoon, SHFE 1703 zinc dipped to RMB 21,990/mt and closed at RMB 22,145/mt, down RMB 255/mt or 1.14%.

Trading volumes increased 30,908 lots to 623,000 lots, and positions decreased 13,520 to 181,000. SHFE 1703 zinc is expected to remain range-bound and test support from RMB 22,000/mt in the evening session. 

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.

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SHFE 1703 Zinc Closes with Losses (2017-1-20) - Shanghai Metals Market (SMM)