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SHFE 1708 Zinc Continues Rising (2017-7-4)
Jul 4, 2017 18:07Source:SMM
SHFE 1709 zinc opened at RMB 22,955/mt today and then edged down with entry of shorts, hovering around RMB 22,850/mt.
SHANGHAI, Jul. 4 (SMM) – SHFE 1709 zinc opened at RMB 22,955/mt today and then edged down with entry of shorts, hovering around RMB 22,850/mt. With retreat of longs, zinc prices plummeted, and stopped falling at RMB 22,700/mt. In the afternoon, SHFE 1709 zinc hovered around RMB 22,720/mt and closed at RMB 22,775/mt, up RMB 100/mt or 0.44%. SHFE 1708 zinc rose RMB 140/mt or 0.61%.Trading volumes on SHFE 1708 zinc decreased 5,790 to 450,000 lots, and positions decreased 5,678 to 238,000. SHFE 1708 zinc will hover at highs this evening.
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