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SHFE 1506 zinc contract prices opened at RMB 16,025/mt on Thursday, and met resistance at the 60-day moving average, erasing some gains as a large number of longs left the market, which once dipped to RMB 15,960/mt and closed at RMB 16,000/mt, up RMB 45/mt or 0.28%. Trading volumes increased 17,294 to 102,918 lots, and total positions declined 1,730 to 124,770. SHFE 1506 zinc contract prices are expected to remain steady this evening.
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