SHFE 1708 Zinc Closes with Losses (2017-6-13)

Published: Jun 13, 2017 17:34
SHFE 1708 zinc opened at RMB 21,400/mt today and stopped falling at RMB 20,700/mt.

SHANGHAI, Jun. 13 (SMM) – SHFE 1708 zinc opened at RMB 21,400/mt today and stopped falling at RMB 20,700/mt. In the afternoon, SHFE 1708 zinc fluctuated around RMB 20,700/mt and rallied later on, closing at RMB 20,720/mt, down RMB 720/mt or 3.36%.

Trading volumes on SHFE 1708 zinc increased 257,000 to 622,000 lots, and positions increased 10,894 to 286,000. The price spread between SHFE 1706 zinc and SHFE 1708 zinc was RMB 1,715/mt. SHFE 1708 zinc should remain range-bound in the 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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