SHFE Zinc Prices Up 1.81% (2017-3-1)

Published: Mar 1, 2017 17:06

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SHFE 1704 zinc started at RMB 23,015/mt and closed at RMB 23,290/mt, up RMB 415/mt or 1.81%.

SHANGHAI, Mar. 1 (SMM) – On Wednesday, SHFE 1704 zinc started at RMB 23,015/mt and then declined to RMB 22,950/mt. Trump indicated on his first address to Congress that he will apply for USD 1 trillion for infrastructure construction, sending base metals up. SHFE 1704 zinc surged to RMB 23,200/mt with positions opening by longs, up to as high as RMB 23,310/mt. The contract stayed firm at the tail of trading and closed at RMB 23,290/mt, up RMB 415/mt or 1.81%. Trading volumes rose 40,836 to 508,000 lots and positions increased 5,034 to 155,000.

SHFE 1704 zinc will remain firm on Wednesday’s night trading.

SHFE zinc LME zinc zinc prices

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