SHFE 1708 Zinc Continues Rising (2017-6-23)

Published: Jun 23, 2017 21:45
SHFE 1708 zinc opened at RMB 22,110/mt today and then fell to RMB 22,030/mt.

SHANGHAI, Jun. 23 (SMM) – SHFE 1708 zinc opened at RMB 22,110/mt today and then fell to RMB 22,030/mt. In the afternoon, SHFE zinc hovered around RMB 22,100/mt and closed at RMB 21,990/mt, up RMB 340/mt or 1.55%.

Trading volumes on SHFE 1708 zinc decreased 199,000 to 528,000 lots, and positions increased 2,724 to 279,000. SHFE 1708 zinc will remain strong this 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.

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
Major Factory Orders Remain Relatively Firm, Die-Casting Zinc Alloy Operating Rate Pulls Back [SMM Die-Casting Zinc Alloy Weekly Review]
5 mins ago
Major Factory Orders Remain Relatively Firm, Die-Casting Zinc Alloy Operating Rate Pulls Back [SMM Die-Casting Zinc Alloy Weekly Review]
Read More
Major Factory Orders Remain Relatively Firm, Die-Casting Zinc Alloy Operating Rate Pulls Back [SMM Die-Casting Zinc Alloy Weekly Review]
Major Factory Orders Remain Relatively Firm, Die-Casting Zinc Alloy Operating Rate Pulls Back [SMM Die-Casting Zinc Alloy Weekly Review]
[Orders at large plants relatively firm; operating rates of die-casting zinc alloy producers pull back] This week, operating rates of die-casting zinc alloy producers rose, mainly driven by enterprises that had halted production due to weather disruptions resuming normal production. However, under the pressure of high zinc prices, the extent of the recovery in operating rates fell short of earlier expectations. Some enterprises, weighed down by high raw material prices and sluggish shipments, proactively slowed their production pace......
5 mins ago
Zinc Oxide Operating Rates Rise, but Downstream Market Risks Remain [SMM Zinc Oxide Weekly Review]
9 mins ago
Zinc Oxide Operating Rates Rise, but Downstream Market Risks Remain [SMM Zinc Oxide Weekly Review]
Read More
Zinc Oxide Operating Rates Rise, but Downstream Market Risks Remain [SMM Zinc Oxide Weekly Review]
Zinc Oxide Operating Rates Rise, but Downstream Market Risks Remain [SMM Zinc Oxide Weekly Review]
[Zinc oxide operating rates rise, but risks remain ahead] This week, zinc oxide operating rates came in at 55.71%, up 1.82 percentage points WoW. Inventory-wise, zinc prices continued to rise, raw material costs for zinc oxide enterprises were under pressure, purchasing turned more cautious, and raw material inventory pulled back. The rebound in operating rates this week was mainly driven by some large plants gradually ramping up production and releasing capacity......
9 mins ago
High Prices Weaken Market Transactions; Spot Premiums Decline [SMM Guangdong Spot Weekly Review]
14 mins ago
High Prices Weaken Market Transactions; Spot Premiums Decline [SMM Guangdong Spot Weekly Review]
Read More
High Prices Weaken Market Transactions; Spot Premiums Decline [SMM Guangdong Spot Weekly Review]
High Prices Weaken Market Transactions; Spot Premiums Decline [SMM Guangdong Spot Weekly Review]
[High Prices Weigh on Market Transactions, Spot Premiums Decline] Premiums in Guangdong fell by 10 yuan/mt WoW this week. As of Friday, mainstream #0 zinc in Guangdong was quoted at a discount of 80-50 yuan/mt against the market...
14 mins ago