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DashboardDatabaseProReportsEventsCar InsightSHANGHAI, Oct. 28 (SMM) – SHFE 1401 zinc contract prices opened higher at RMB 15,030/mt as LME zinc prices overnight closed the day with gains, and then leveled out. But due to sluggish spot zinc market, SHFE zinc prices dropped later the day to RMB 15,035-15,055/mt. But since LME zinc prices jumped, SHFE zinc prices stabilized and closed at RMB 15070/mt, up RMB 120/mt. Trading volumes decreased by 9,242 lots, to 48,040 lots, and total positions increased by 2,900 lots, to 132,000 lots. The market remains cautious awaiting result from the Fed’s policy meeting.
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