SHFE Zinc Prices Finish with Losses (Jan. 13, 2015)

SHANGHAI, Jan. 13 (SMM) – SHFE 1503 zinc contract prices opened at RMB 16,310/mt Monday evening, then fluctuated between RMB 16,260-16,365/mt, and closing at RMB 16,350/mt, down RMB 135/mt or 0.82%. Trading volumes were down over 20,000 to 67,484 lots, and total positions increased 3,186 to 161,870.

SHFE 1503 zinc contract prices opened at RMB 16,350/mt on Tuesday, then inched down with crude oil and copper prices, dipping to as low as RMB 16,250/mt in the afternoon, and closing at RMB 16,255/mt, down RMB 230/mt or 1.4%. Trading volumes decreased 28,974 to 153,358 lots. Total positions were up 1,646 to 160,330. SHFE 1503 zinc contract prices are expected to remain weak in the near term.