SHANGHAI, Jun. 25 (SMM) – SHFE 1409 zinc contract prices opened at RMB 15,810/mt on Monday evening, then touched a 15-month high of RMB 15,840/mt, but falling to RMB 15,760/mt later the day, and closing at RMB 15,765/mt, up RMB 5/mt or 0.03%. SHFE 1409 zinc contract prices opened at RMB 15,765/mt on Tuesday, then fell as a large number of longs left the market, down by as much as 1% in the afternoon. But since LME zinc prices rallied, SHFE 1409 zinc contract price declines slowed and closed at RMB 15,670/mt, down RMB 90/mt or 0.57%. Trading volumes increased by 10,312 lots, to 63,392 lots, and total positions decreased by 4,482 lots, to 126,064 lots. Total positions of SHFE zinc were up 18,712 lots to 99,674 lots.
 
#0 zinc prices were between RMB 15,550-15,580/mt, with spot discounts of RMB 150-130/mt against SHFE 1409 zinc contract prices. #1 zinc prices were between RMB 15,500-15,520/mt. Shuangyan branded #0 prices were between RMB 15,570-15,580/mt, and RMB 15,560-15,570/mt for Yuguang branded #0 zinc. Prices for Tianlu and Baohui brands were RMB 15,540-15,550/mt, and RMB 15,520-15,530/mt for AZ branded #0 zinc, with RMB 15,490-15,500/mt for other brands. Spot discounts narrowed as SHFE zinc price gains slowed. Supply of mainstream brands was limited due to maintenance at smelters, when combined with low imported zinc supply, goods availability was tight. Traders busy settling lacked interest in operations, and downstream buyers also took a wait-and-see attitude, leaving overall transactions muted.
SHFE 1409 zinc contract prices inched down to RMB 15,605/mt in the afternoon, with #0 zinc prices between RMB 15,510-15,560/mt, and spot discounts between RMB 110-90/mt. #0 zinc prices were as low as RMB 15,510-15,540/mt, and supply grew slightly as some arbitrage traders moved goods. As SHFE 1409 zinc contract prices rose slightly later the day, #0 zinc prices edged up to RMB 15,560-15,570/mt.