SHFE Zinc Prices Finish with Declines (Apr. 1, 2015)

SHANGHAI, Apr. 1 (SMM) – SHFE 1506 zinc contract prices opened at RMB 15,975/mt Tuesday evening, then fluctuated between RMB 15,910-15,980/mt, and closed the day at RMB 15,920/mt, down RMB 120/mt or 0.75%.

SHFE 1506 zinc contract prices opened at RMB 15,925/mt on Wednesday. China’s official PMI in March returned to a growth territory, but the market received little boost. As LME zinc prices rose, SHFE 1506 zinc contract prices surged to RMB 16,025/mt, then fell back and closed the day at RMB 15,975/mt, down RMB 65/mt or 0.41%. Trading volumes decreased 29,610 to 85,624 lots, and total positions grew 1,948 to 126,500. SHFE 1506 zinc contract prices are expected to remain steady this evening.