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SHFE 1709 Zinc Finishes with Losses (2017-7-6)
Jul 6, 2017 19:26Source:SMM
SHFE 1709 zinc opened at RMB 22,705/mt today and then hovered around RMB 22,700/mt.
SHANGHAI, Jul. 6 (SMM) – SHFE 1709 zinc opened at RMB 22,705/mt today and then hovered around RMB 22,700/mt. Shorts gained confidence as ferrous metals weakened, weighing down zinc to RMB 22,600/mt. In the afternoon, SHFE 1709 zinc edged up and closed at RMB 22,800/mt, down RMB 115/mt or 0.5%. Trading volumes on SHFE 1708 zinc decreased 5,920 to 239,000 lots, and positions increased 8,628 to 259,000. SHFE 1708 zinc will hover at highs this evening.
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