SHFE 1708 Zinc Rises Further (2017-6-30)

Jun 30, 2017 19:54

SHFE 1708 zinc opened at RMB 22,560/mt today and then plunged with longs fleeing from the market, and stopped falling around RMB 22,420/mt.

SHANGHAI, Jun. 30 (SMM) – SHFE 1708 zinc opened at RMB 22,560/mt today and then plunged with longs fleeing from the market, and stopped falling around RMB 22,420/mt. Shorts lacked confidence due to strong ferrous metals, and retreated from the market with profit-taking. This helped zinc surge all the way through the end of trading. SHFE zinc closed at RMB 22,745/mt, up RMB 175/mt or 0.78%.

Trading volumes on SHFE 1708 zinc decreased 22,502 to 503,000 lots, and positions decreased 11,396 to 245,000. SHFE 1708 zinc will hover at highs this evening.

LME Zinc prices

SHFE zinc prices

zinc prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

SHFE 1708 Zinc Rises Further (2017-6-30)

SMM Events & Webinars

NET ZERO CHINA Field Trip

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025