SHANGHAI, Apr. 24 (SMM) – SHFE 1507 zinc contract started Thursday’s night session at RMB 16,570/mt Thursday night and moved between RMB 16,530-16,610/mt before ending at RMB 16,595/mt, up RMB 10/mt. Positions in the July delivery zinc increased 16,562 to 104,630, and trading volumes declined 2,834 lots.
SHFE 1507 zinc contract dropped after starting Friday’s daytime trading and then stabilized at RMB 16,500/mt before ending at RMB 16,595/mt, up RMB 10/mt. Trading volumes shed 34,994 lots and positions grew 1,886. The most active zinc contract is feeling greater resistance, but support at RMB 16,500/mt is solid.