Home / Metal News / Zinc / SHFE 1709 Zinc Edges up (2017-7-17)
SHFE 1709 Zinc Edges up (2017-7-17)
Jul 17,2017 17:28CST
SMM Comments
Source:SMM
SHFE 1709 zinc opened at RMB 22,930/mt today and then rose to RMB 23,000/mt.

SHANGHAI, Jul. 17 (SMM) – SHFE 1709 zinc opened at RMB 22,930/mt today and then rose to RMB 23,000/mt. China’s GDP rose 6.9% YoY in the first half of the year, topping market expectations. This boosted market confidence and drove up zinc prices. In the afternoon, SHFE 1709 zinc rose to RMB 23,300/mt, and closed at RMB 23,320/mt, up RMB 355/mt or 1.55%. Trading volumes on SHFE 1708 zinc increased 74,000 to 570,000 lots, and positions added 11,882 to 298,000. SHFE 1708 zinc may test RMB 23,500/mt this evening. SHFE 1707 zinc is delivered today, with prices opening at RMB 23,050/mt and closing at RMB 23,250/mt. Settlement price was RMB 23,100/mt. Deliveries were 23,950 mt. Trading volumes on SHFE 1707 zinc decreased 1,550 to 2,080 lots, and positions added 210 to 9,580.

LME Zinc prices
SHFE zinc prices
zinc prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

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

Related news