Price Rising Spree Continuing, with SHFE 3-M Zinc Hitting Daily Upward Limit after Opens

SHANGHAI, Aug. 17 (SMM) – After a crazy night, the run-up in base metals is still on its way. 

On Thursday, SHFE three-month zinc hit its daily upward limit after opening, and SHFE nickel, and DCE iron ore advanced by more than 3 per cent. 

SMM Price Outlook for Base Metals on SHFE (Aug. 17, 2017)

Rubber, aluminum, hot-rolled, silver and copper trading on the SHFE gained by over 2 per cent.

Rebar and gold on the SHFE, and glass on the ZCE, plastic on the DCE rose by more than 1 per cent. Meanwhile, ZCE coal and SHFE tin and ZCE cotton also increased. 

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