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

Published: Jun 30, 2017 19:54

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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

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