SHFE 1707 Zinc Closes with Declines (2017-5-16)

Published: May 16, 2017 18:13
SHFE 1707 zinc opened at RMB 21,560/mt today and then dropped to an intraday low of RMB 21,160/mt.

SHANGHAI, May 16 (SMM) – SHFE 1707 zinc opened at RMB 21,560/mt today and then dropped to an intraday low of RMB 21,160/mt. With entry of longs, SHFE 1707 zinc then climbed to RMB 21,230/mt. In the afternoon, SHFE 1707 zinc fluctuated around RMB 21,220/mt, and closed at RMB 21,310/mt, down RMB 185/mt or 0.86%.

Trading volumes on SHFE 1707 zinc increased 104,000 to 345,000 lots, and positions added 39,896 to 345,000. SHFE 1707 zinc is expected to hover around RMB 21,300/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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