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Home / Metal News / SHFE 1709 Zinc Closes Lower (2017-7-19)

SHFE 1709 Zinc Closes Lower (2017-7-19)

Jul 19, 2017 17:42

Source:SMM

SHFE 1709 zinc opened at RMB 22,955/mt today and then hovered around RMB 22,870/mt, and strengthened after dipping to RMB 22,790/mt.

SHANGHAI, Jul. 19 (SMM) – SHFE 1709 zinc opened at RMB 22,955/mt today and then hovered around RMB 22,870/mt, and strengthened after dipping to RMB 22,790/mt. SHFE 1709 zinc moved below moving averages in the morning. In the afternoon, SHFE 1709 zinc pulled up with entry of longs, and rose to RMB 23,000/mt, and closed at RMB 23,030/mt, down RMB 120/mt or 0.52%. Trading volumes on SHFE 1708 zinc increased 12,772 to 481,000 lots, and positions added 638 to 290,000. SHFE 1709 zinc is expected to fluctuate around RMB 23,000/mt this evening.

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SHFE zinc prices

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After SHFE zinc prices rose, traders mostly took a wait-and-see attitude in the spot market, SMM reported.

Aug 30, 2017 18:18

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