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Zinc price may fluctuate and consolidate

Date 10/11/2018 2:45:19 PM Source: SHMET

SHANGHAI, Oct 11 (SHMET) – After successive sharp rise, zinc price may fluctuate and consolidate. SHFE zinc fluctuated and fell in the night trading session yesterday.

 

The three month contract opened at 22,900 yuan/mt and finally closed at 22,730 yuan/mt, down 110 yuan/mt, or 0.48%, from the previous trading day. Transaction volumes reached 301,016 lots, and open interest stood at 210, 458 lots, with an increase of 826 lots.

 

In domestic market, SHFE zinc also gives up some of the gains in the previous days.

 

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Edited by SHMET