SHFE Zinc Prices Closed with Gains (May 29, 2015)

SHANGHAI, May 29 (SMM) – SHFE 1508 zinc contract prices opened at RMB 16,880/mt Thursday evening, then dropped to as low as RMB 16,755/mt, and closed at RMB 16,825/mt, up RMB 95/mt or 0.57%.

SHFE 1508 zinc contract prices opened at RMB 16,830/mt on Friday, then dropped to RMB 16,720/mt, but rose with LME zinc prices to RMB 16,870/mt in the afternoon, and closed at RMB 16,850/mt, up RMB 120/mt or 0.72%. Trading volumes decreased 17,264 to 172,352 lots, and total positions grew 2,898 to 138,648. SHFE 1508 zinc contract prices are expected to remain steady this evening.