SHANGHAI, Apr. 28 (SMM) – SHFE 1507 zinc contract started at RMB 16,860/mt during Monday’s night session and stood above RMB 17,000/mt to end with a RMB 295/mt rise at RMB 17,060/mt.
SHFE 1507 zinc contract opened at RMB 17,075/mt on Tuesday and slipped to RMB 16,900/mt at one point as longs booked profits. However, the July-delivery zinc followed LME zinc up at the tail of trading and ended up RMB 250/mt at RMB 17,015/mt. Trading volumes grew 19,790 lots to 175,154 lots, and positions increased 11,260 to 144,450.