SHFE 1708 Zinc Closes Higher (2017-6-9)

Published: Jun 09, 2017 20:04 (GMT+8)
SHFE 1708 zinc opened at RMB 20,980/mt today and then hovered around RMB 21,050/mt.

SHANGHAI, Jun. 9 (SMM) – SHFE 1708 zinc opened at RMB 20,980/mt today and then hovered around RMB 21,050/mt. In the afternoon, SHFE 1708 zinc edged up and hovered around RMB 21,110/mt and closed at RMB 21,075/mt, up RMB 370/mt or 1.79%.

Trading volumes on SHFE 1707 zinc decreased 47,112 to 375,000 lots, and positions increased 4,954 to 256,000. The price spread between SHFE 1706 zinc and SHFE 1708 zinc was RMB 1,845/mt. 

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 for 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
Shanghai Zinc: Sluggish Trading Atmosphere on the Last Trading Day Before the Holiday [SMM Midday Commentary]
10 mins ago
Shanghai Zinc: Sluggish Trading Atmosphere on the Last Trading Day Before the Holiday [SMM Midday Commentary]
Read More
Shanghai Zinc: Sluggish Trading Atmosphere on the Last Trading Day Before the Holiday [SMM Midday Commentary]
Shanghai Zinc: Sluggish Trading Atmosphere on the Last Trading Day Before the Holiday [SMM Midday Commentary]
[Shanghai Zinc: Sluggish Trading on the Last Trading Day Before the Holiday] Today, mainstream transaction prices for #0 zinc were concentrated at 26,480-26,600 yuan/mt, with no transactions for Shuangyan. Mainstream transaction prices for #1 zinc were at 26,410-26,530 yuan/mt. In the morning session, cargoes with invoices dated next month were quoted at premiums of 70-80 yuan/mt against the SMM average price, with no quotes against the contract...
10 mins ago
Ningbo Zinc: National Day holiday approaching, market sees almost no trading [SMM Midday Comment]
11 mins ago
Ningbo Zinc: National Day holiday approaching, market sees almost no trading [SMM Midday Comment]
Read More
Ningbo Zinc: National Day holiday approaching, market sees almost no trading [SMM Midday Comment]
Ningbo Zinc: National Day holiday approaching, market sees almost no trading [SMM Midday Comment]
[Ningbo Zinc: National Day holiday approaching, market sees almost no trading] In the Ningbo market, mainstream brand 0# zinc traded at around 26,450-26,560 yuan/mt. Conventional brands in Ningbo were quoted at a discount of 10 yuan/mt against the 2611 contract, and at a premium of 30 yuan/mt against Shanghai spot cargo. Mainstream quotes in the Ningbo area were made against the 2611 contract.
11 mins ago
Polymetals completes Endeavor Upper Main Lode drilling, with POL038 returning high-grade lead-zinc-silver mineralization
20 mins ago
Polymetals completes Endeavor Upper Main Lode drilling, with POL038 returning high-grade lead-zinc-silver mineralization
Read More
Polymetals completes Endeavor Upper Main Lode drilling, with POL038 returning high-grade lead-zinc-silver mineralization
Polymetals completes Endeavor Upper Main Lode drilling, with POL038 returning high-grade lead-zinc-silver mineralization
Polymetals Resources has completed drilling at the Upper Main Lode of its Endeavor mine in New South Wales. Hole POL038 returned 14.2m grading 494g/t silver, 7.1% lead, 4.8% zinc, 0.76g/t copper and 0.75g/t gold, equivalent to 687g/t AgEq. Within the interval, a 0.7m supergene zone returned 1,195g/t silver and 9.2% copper. The program advanced the Upper Main Lode from a new geological interpretation to a defined resource of 1.6Mt grading 8.5% zinc, 6.0% lead and 234g/t silver. The latest holes principally tested the overlying oxidised and supergene zone, which is excluded from the current resource; core loss ranged from 1.5% to 70%, with unrecovered material assigned zero grade. Mine design and technical studies are continuing, with an Ore Reserve estimate targeted for Q2 FY2026–27.
20 mins ago