SHFE 1707 Zinc Closes with Losses (2017-5-8)

Published: May 8, 2017 19:28
SHFE 1707 zinc opened at RMB 21,400/mt today and hovered around RMB 21,100/mt.

SHANGHAI, May 8 (SMM) – SHFE 1707 zinc opened at RMB 21,400/mt today and hovered around RMB 21,100/mt. As shorts left the market in the afternoon, zinc rallied to RMB 21,210/mt. SHFE 1707 zinc closed at RMB 21,230/mt, down RMB 80/mt or 0.38%.

Trading volumes on SHFE 1707 zinc increased 159,000 to 382,000 lots, and positions added 18,004 to 260,000. SHFE 1707 zinc is expected to hover around RMB 21,200/mt this evening. 

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 1707 Zinc Closes with Losses (2017-5-8) - Shanghai Metals Market (SMM)