SHANGHAI, Jun. 4 (SMM) – SHFE 1408 zinc contract prices moved between moving averages with LME zinc prices. As a large number of longs entered the market, SHFE 1408 zinc contract prices edged up to RMB 15,200/mt, and closing at RMB 15,190/mt.
SHFE 1408 zinc contract prices opened at RMB 15,195/mt on Wednesday, then moved between RMB 15,165-15,185/mt, with transactions muted, and closing at RMB 15,175/mt, down RMB 15/mt or 0.1%. Trading volumes decreased by 830 lots, to 11,354 lots, and total positions increased by 268 lots, to 73,146 lots.