SHFE 1705 Zinc Closes with Losses (2017-4-11)

Published: Apr 11, 2017 17:40

Save

SHFE 1705 zinc opened at RMB 21,680/mt today, and then fell to RMB 21,590/mt as shorts increased positions. In the afternoon, SHFE 1705 zinc edged down to RMB 21,320/mt and closed at RMB 21,325/mt, do

SHANGHAI, Apr. 11 (SMM) – SHFE 1705 zinc opened at RMB 21,680/mt today, and then fell to RMB 21,590/mt as shorts increased positions. In the afternoon, SHFE 1705 zinc edged down to RMB 21,320/mt and closed at RMB 21,325/mt, down RMB 770/mt or 3.48%.

Trading volumes on SHFE 1705 zinc increased 205,000 to 763,000, and positions added 40,228 to 298,000. TSHFE 1705 zinc is expected to test support from RMB 21,000/mt this evening.

LME Zinc prices SHFE zinc prices 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 to learn 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

5 hours ago

Fundamentals Coupled With Macro Factors Kept SHFE Zinc Hovering at Highs [SMM Zinc Morning Comment]

[SMM Zinc Morning Comment] Overnight, the most-traded SHFE zinc 2604 contract opened at 24,460 yuan/mt. In early trading, increased long positions pushed the price up to 24,500 yuan/mt, after which SHFE zinc fell to a low of 24,385 yuan/mt. Toward the close, bulls reduced positions and exited, sending SHFE zinc slightly lower. It finally closed up at 24,425 yuan/mt, up 10 yuan/mt, or 0.04%. Trading volume decreased to 31,673 lots, and open interest increased by 433 lots to 75,180 lots.

5 hours ago

Macro Uncertainty Persisted, and LME Zinc Maintained Wide Swings [SMM Morning Meeting Summary]

[SMM Morning Meeting Summary: Macro Uncertainty Still Persists, LME Zinc Maintains Wide Swings] Overnight, LME zinc opened at $3,336.5/mt. In early trading, LME zinc fluctuated upward and touched an intraday high of $3,386/mt. Prices then pulled back to a low of $3,323.5/mt, before edging up slightly near the close to finish at $3,342/mt, up $16/mt, or 0.48%. Trading volume decreased to 98,167 lots, and open interest fell by 254 lots to 216,000 lots.

5 hours ago

16 hours ago

Trading Logic for Zinc Fundamentals Amid the Middle East Conflict: Risk Identification and Opportunity Capture

[Zinc Fundamental Trading Logic Amid the Middle East Conflict: Risk Identification and Opportunity Capture] Global geopolitical conflicts have continued unabated, and news of the recent Middle East conflict has emerged frequently. What impact will this have on the zinc industry? This article provides an analysis from both fundamental and market perspectives:

16 hours ago