SHFE 1708 Zinc Closes with Gains (2017-6-19)-Shanghai Metals Market

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SHFE 1708 Zinc Closes with Gains (2017-6-19)

Price Review & Forecast 05:45:16PM Jun 20, 2017 Source:SMM

SHANGHAI, Jun. 19 (SMM) – SHFE 1708 zinc opened at RMB 21,410/mt today and edged down to RMB 21,320/mt. With shorts leaving the market, SHFE zinc rose to RMB 21,410/mt and closed at RMB 21,420/mt, up RMB 285/mt or 1.35%.

Trading volumes on SHFE 1708 zinc decreased 72,656 to 450,000 lots, and positions decreased 792 to 274,000. SHFE 1708 zinc posted a 5-day winning streak but will need more support to rise to RMB 21,500/mt.

 

SHFE 1708 Zinc Closes with Gains (2017-6-19)

Price Review & Forecast 05:45:16PM Jun 20, 2017 Source:SMM

SHANGHAI, Jun. 19 (SMM) – SHFE 1708 zinc opened at RMB 21,410/mt today and edged down to RMB 21,320/mt. With shorts leaving the market, SHFE zinc rose to RMB 21,410/mt and closed at RMB 21,420/mt, up RMB 285/mt or 1.35%.

Trading volumes on SHFE 1708 zinc decreased 72,656 to 450,000 lots, and positions decreased 792 to 274,000. SHFE 1708 zinc posted a 5-day winning streak but will need more support to rise to RMB 21,500/mt.