SHANGHAI, Apr. 23 (SMM) – SHFE 1507 zinc contract gapped higher at RMB 16,655/mt Wednesday night but lacked momentum to rise further, and edged lower to RMB 16,610/mt before ending the session at RMB 16,635/mt, up RMB 80/mt, Positions in the July delivery zinc increased about 1,000.
SHFE 1506 zinc contract started at RMB 16,605/mt on Thursday and dipped to a low of RMB 16,430/mt after HSBC reported China’s manufacturing PMI weakened in April. Later, the prices regained some earlier losses and closed at RMB 16,560/mt, up RMB 35/mt. Trading volumes increased 21,836 lots and positions declined 2964.