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SHFE 1503 zinc contract prices opened lower at RMB 16,080/mt Tuesday evening, then hovered around RMB 16,100/mt, and closing at RMB 16,105/mt, down RMB 220/mt or 1.35%. Trading volumes were up 34,564 to 102,048 lots, and total positions increased 3,932 to 164,262.
LME zinc prices are expected to move between USD 2,050-2,100/mt. SHFE 1503 zinc contract prices will move between RMB 16,000-16,150/mt, with spot premiums between RMB 260-300/mt against SHFE 1503 zinc contract prices.
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