SHANGHAI, Oct. 30 (SMM) – SHFE 1501 zinc contract prices opened higher at RMB 16,585/mt on Wednesday, then climbed to a weekly high of RMB 16,785/mt, and closing at RMB 16,760/mt, up RMB 235/mt or 1.42%. Trading volumes were up over 100,000 to 171,200 lots, and total positions rose 13,942 to 146,822 lots.
SHFE 1501 zinc contract prices opened lower at RMB 16,710/mt, and edged down due to the exodus of longs, and closing at RMB 16,590/mt, up RMB 65/mt or 0.39%. Trading volumes were up 142,094 to 299,414 lots, and total positions increased 5,598 lots to 138,478 lots. SHFE 1412 zinc contract prices are expected to consolidate in the near term.