SHFE Zinc Prices Rose RMB 175/mt (Jul. 16, 2015)

SHANGHAI, Jul. 16 (SMM) – SHFE 1509 zinc contract prices opened at RMB 15,780/mt Wednesday evening, then edged down to RMB 15,700/mt, and closed at RMB 15,665/mt, up RMB 80/mt.

SHFE 1509 zinc contract prices dipped to RMB 15,620/mt at one point after opening, but edged up and touched as high as RMB 15,790/mt, and closed at RMB 15,760/mt, up RMB 175/mt or 1.12%. Trading volumes increased 21,664 lots to 172,932 lots, and total positions decreased 6,262 to 118,386. SHFE 1509 zinc contract prices are expected to rise to RMB 15,800/mt.