Zinc prices range-bound, inventories continue to lower
overnight Shanghai zinc price swings, 1610 opened late in 17290 yuan/ton, the lowest price 17270 yuan/ton, up to 17455 yuan/ton, finally closing at 17420 yuan/ton, the overall rise in price, 260000 hand holdings.
yesterday Shanghai trading center (metal extraction solution The original WuMao colored spot market) On the morning of spot transaction price quote in 17250-0 # zinc 17350 yuan/ton fell 70 points, 1 # is not available recently, zinc price index for 17290. 2, down 70 points. Spot zinc liter discount in October near the C60, morning registered brand 0 # 1610 liter discount offer C50 - contract Near C110, double yan in the c30, common in c50-0 # C70, AZ reported in C70, ordinary 0 # brand is plentiful, 1 # zinc is not available, import zinc sources accounted for 20%. Discount of zinc prices yesterday, l still narrowed, traders actively, downstream pick. Smelters positive shipment. According to the research results of metal extraction solution center, most traders in the futures market to bearish.
published on August 8, according to the new star company half annals data shows that: in the first half of 2016 the company production of refined zinc 50. 70000 tons, down 9% year on year. Technically, zinc prices and lme3 month Shanghai main zinc prices in early pressure, current shock interval is 16800 - 17500, the price in the enclosure. Is expected in the short term.