SHFE Zinc Prices Finish with Declines (Apr. 20, 2015)

SHANGHAI, Apr. 20 (SMM) – SHFE 1506 zinc contract prices opened at RMB 16,590/mt, then fluctuated between RMB 16,520-16,630/mt, and closed the day at RMB 16,585/mt, down RMB 50/mt or 0.3%.

SHFE 1506 zinc contract prices opened at RMB 16,660/mt on Monday, then surged to RMB 16,710/mt, but dropped to as low as RMB 16,450/mt in the afternoon due to an exodus of longs, and closed at RMB 16,475/mt, down RMB 160/mt or 0.96%. Trading volumes decreased 14,834 to 100,654 lots, and total positions decreased 9,550 to 104,956. SHFE 1506 zinc contract prices should level out this evening.