SHFE Zinc Prices Closed with Losses (Jun. 3, 2015)

SHANGHAI, Jun. 3 (SMM) – SHFE 1508 zinc contract prices opened at RMB 16,505/mt Monday evening, then fluctuated between RMB 16,530-16,540/mt, and closed at RMB 16,520/mt, down RMB 155/mt or 0.93%. Trading volumes decreased 22,670 to 57,326 lots, and total positions grew 5,910 to over 142,744.

SHFE 1508 zinc contract prices opened at RMB 16,535/mt on Wednesday, then inched down and dipped to an intraday low of RMB 16,260/mt as a large number of longs left the market, and extended losses in the afternoon with falling LME zinc prices, and closed at RMB 16,345/mt, down RMB 185/mt or 1.12%. Trading volumes increased 45,090 to 180,892 lots, and total positions fell 1,936 to 138,514. SHFE 1508 zinc contract prices are expected to fall further this evening.