SHANGHAI, May 28 (SMM) – SHFE 1508 zinc contract prices opened at RMB 16,550/mt Wednesday evening, then rose to RMB 16,785/mt, and closed at RMB 16,705/mt, up RMB 100/mt or 0.6%. Trading volumes increased 28,210 to 68,776 lots, and total positions grew 14,564 to 122,522.
SHFE 1508 zinc contract prices opened at RMB 16,700/mt on Thursday, then edged up as a large number of longs entered the market, but fell back to as low as RMB 16685/mt in the afternoon, and closed at RMB 16,835/mt, up RMB 230/mt or 1.39%. Trading volumes increased 96,582 to 189,616 lots, and total positions grew 27,792 to 135,750. SHFE 1508 zinc contract prices are expected to maintain upward momentum this evening.
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