SHFE 1708 Zinc Extend Losses (2017-6-7)-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • Air pollution
  • Macroeconomics
  • Production data
  • Zinc
  • Futures movement
  • Aluminium
  • hydrogenation stations
  • Nickel
  • Copper
  • nickel laterite
  • In the United States
  • Morning comments
  • Market commentary
  • Nickel ore

SHFE 1708 Zinc Extend Losses (2017-6-7)

Price Review & Forecast 05:35:06PM Jun 07, 2017 Source:SMM

SHANGHAI, Jun. 7 (SMM) – SHFE 1708 zinc opened at RMB 20,740/mt today and fell fluctuated around RMB 20,700/mt. In the afternoon, SHFE 1708 zinc rallied to RMB 20,500/mt and closed at RMB 20,540/mt, down RMB 315/mt or 1.51%.

Trading volumes on SHFE 1707 zinc increased 91,886 to 318,000 lots, and positions increased 28,950 to 225,000. SHFE 1707 zinc is expected to test support from RMB 20,500/mt this evening. 

SHFE 1708 Zinc Extend Losses (2017-6-7)

Price Review & Forecast 05:35:06PM Jun 07, 2017 Source:SMM

SHANGHAI, Jun. 7 (SMM) – SHFE 1708 zinc opened at RMB 20,740/mt today and fell fluctuated around RMB 20,700/mt. In the afternoon, SHFE 1708 zinc rallied to RMB 20,500/mt and closed at RMB 20,540/mt, down RMB 315/mt or 1.51%.

Trading volumes on SHFE 1707 zinc increased 91,886 to 318,000 lots, and positions increased 28,950 to 225,000. SHFE 1707 zinc is expected to test support from RMB 20,500/mt this evening.