SHFE Zinc Prices Closed with Declines (Jun. 1, 2015)

SHANGHAI, Jun. 1 (SMM) – SHFE 1508 zinc contract prices opened at RMB 16,740/mt last Friday evening, then dropped to RMB 16,660/mt, and closed at RMB 16,660/mt, down RMB 160/mt or 0.95%. Trading volumes decreased 17,394 to 79,996 lots, and total positions grew 5,514 to over 144,000.

SHFE 1508 zinc contract prices opened at RMB 16,660/mt on Monday, then inched lower to RMB 16,600/mt as a large number of longs left the market, and closed at RMB 16,615/mt, down RMB 205/mt or 1.22%. Trading volumes decreased 29,954 to 142,398 lots, and total positions fell 1,814 to 136,834. SHFE 1508 zinc contract prices are expected to fall to test the 60-day moving average this evening.