SHANGHAI, Apr. 9 (SMM) – SHFE 1506 zinc contract prices opened at RMB 16,190/mt Wednesday evening, then hovered around RMB 16,220/mt, but fell to RMB 16,160-16,200/mt later and closed the day at RMB 16,185/mt, down RMB 40/mt or 0.25%.
SHFE 1506 zinc contract prices opened at RMB 16,175/mt on Thursday, and inched lower to RMB 16,105/mt as a growing number of longs withdrew, and closed at RMB 16,165/mt, down RMB 60/mt or 0.37%. Trading volumes decreased 34,506 to 83,652 lots, and total positions fell 3,846 to 124,388. SHFE 1506 zinc contract prices are expected to remain steady in the near term.