Ferrous Metals Continue Soaring; Zinc Hits New High

SHANGHAI, Aug. 21 (SMM) – Ferrous metals started this week with big gains, and non-ferrous metals also performed quite well.

Chinese Regulators Likely to Take further Action to Cool Ferrous Metals Fever

As of closing time before lunchtime on Monday, iron ore futures prices gained 6.61%, and rebar futures prices gained 3.57%. 

DCE Adjusts Margins for Coking Coal, Coke Futures Contracts, and Position Ceiling for Iron Ore Futures Contracts

All base metals on the SHFE ended with gains, except lead. SHFE nickel jumped over 4%. SHFE zinc hit new highs, up nearly 3% in morning session.    

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