SHANGHAI, Apr. 29 (SMM) – SHFE 1507 zinc contract opened at RMB 17,000/mt for Tuesday’ night session but met resistance and finally ended the session at RMB 16,980/mt. Selling pressure became evidence at RMB 17,000/mt.
The July-delivery SHFE zinc mainly hovered around RMB 17,000/mt Wednesday and touched RMB 17,035/mt in the afternoon before falling with iron ore prices. The prices finally closed at RMB 16,860/mt, down RMB 135/mt. Trading volumes fell by 34,744 lots and positions dropped 3,356.
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