SHANGHAI, Oct. 8 (SMM) – The SHFE market was closed during the Chinese National Day holiday.
SHFE 1412 zinc contract prices opened at RMB 16,850/mt October 8, then soared to a monthly high of RMB 16,970/mt following LME zinc prices. But as a large number of longs left the market, SHFE 1412 zinc contract prices rolled back some early gains and closed at RMB 16,800/mt, up RMB 145/mt or 0.87%. Trading volumes decreased 22,348, to 136,598 lots, and total positions were up by 6,614 lots to 166,424 lots. SHFE 1412 zinc contract prices are expected to test support from the 60-day moving average.