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SHFE 1707 Zinc Closes with Gains (2017-5-17)
May 17,2017 17:09CST
price review forecast
Source:SMM
SHFE 1707 zinc opened at RMB 21,405/mt today and reached RMB 21,530/mt.

SHANGHAI, May 17 (SMM) – SHFE 1707 zinc opened at RMB 21,405/mt today and reached RMB 21,530/mt. In the afternoon, SHFE 1707 zinc rose to RMB 21,630/mt, but then fell to RMB 21850/mt as longs left the market after profit-taking, and closed at RMB 21,520/mt, up RMB 145/mt or 0.68%.

Trading volumes on SHFE 1707 zinc decreased 83,978 to 598,000 lots, and positions fell 22,252 to 322,000. SHFE 1707 zinc is expected to hover around RMB 21,500/mt this evening. 

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