SHANGHAI, Oct. 22 (SMM) – SHFE 1412 zinc contract prices opened at RMB 16,250/mt Tuesday evening, then edged up with LME zinc prices, touching as high as RMB 16,380/mt, and closed at RMB 16,360/mt, up RMB 150/mt or 0.93%. Trading volumes increased 14,360 to 234,700 lots, and total positions increased 142 to 142,072 lots.
SHFE 1412 zinc contract prices opened at RMB 16,355/mt October 22, then rolled back some gains due to the exodus of longs, then hovered between RMB 16,300-16,340/mt. LME zinc prices leapt before the end of trading, but SHFE 1412 zinc contract price gains were extremely limited, and closed at RMB 16,355/mt, up RMB 145/mt or 0.89%. Trading volumes decreased 35,380, to 346,806 lots, and total positions were down 9,110 lots to 132,820 lots. SHFE 1412 zinc contract prices are expected to rebound.