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USD/RMB=6.1202
SHFE 1309 zinc contract prices opened high but fell later.
SHFE 1309 zinc contracts became the most actively traded contracts, with prices opening RMB 115/mt higher at RMB 14,510/mt.
SHFE Market Movement
The government has put increasing pilot cities for property tax trials on the work agenda this year, the China Securities Journal reported Monday.
A new government report, made public on Monday, has predicted that China's maritime industry will see relatively fast growth in the next 17 years.
Gold futures on the COMEX division of the New York Mercantile Exchange on Monday went up on short covering, snapping a seven-session losing streak.
Oil prices continued to rise on Monday as falling U.S. dollar sparked interest in oil.
LME zinc prices overnight opened at USD 1,835.9/mt, and fluctuated between USD 1,830-1,840/mt during Asian trading due to a lack of positive news.
SHFE 1308 zinc contracts prices opened at RMB 14,385/mt, and then fluctuated around RMB 14,385/mt.
China's April fiscal earnings were down, but retail sales and industry production data was positive, allowing the Shanghai Composite Index to hover near recent highs.
In China, SHFE 1308 zinc contract prices were weighed down below moving averages, fluctuating between RMB 14,300-14,600/mt. Early in the week.
SHFE 1309 zinc contract prices opened flat and then inched down.
SHFE 1309 zinc contracts prices opened low at RMB 14,460/mt, and dipping to RMB 14,355/mt, moving between RMB 14,370-14,400/mt.
SHFE Market Movement
Gold futures on the COMEX division of the New York Mercantile Exchange slumped on Friday for the seventh consecutive session.
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