SHFE Zinc Prices Finish with Losses (May 14, 2015)

SHANGHAI, May 14 (SMM) – SHFE 1507 zinc contract prices opened at RMB 17,150/mt Wednesday evening, then dropped below RMB 17,000/mt, and closed at RMB 16,935/mt, down RMB 105/mt or 0.62%. Trading volumes increased 47,506 to 107,528 lots, and total positions fell 10,638 to 133,764.

SHFE 1507 zinc contract prices opened at RMB 16,930/mt on Thursday, then dipped to RMB 16,890/mt in the morning, and reached RMB 17,015/mt in the afternoon, and closed at RMB 17,000/mt, down RMB 40/mt or 0.23%. Trading volumes increased 26,312 to 173,986 lots, and total positions fell 12,330 to 132,072. SHFE 1507 zinc contract prices are expected to meet resistance at RMB 17,000/mt this evening.