SHFE Zinc Prices Closed with Losses (Jun. 4, 2015)

Published: Jun 4, 2015 17:57

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SHFE 1508 zinc contract prices opened at RMB 16,400/mt Wednesday evening, then hovered around RMB 16,400/mt, and closed at RMB 16,380/mt, down RMB 105/mt or 0.64%.

SHANGHAI, Jun. 4 (SMM) – SHFE 1508 zinc contract prices opened at RMB 16,400/mt Wednesday evening, then hovered around RMB 16,400/mt, and closed at RMB 16,380/mt, down RMB 105/mt or 0.64%. Trading volumes decreased 16,624 to 48,086 lots, and total positions dropped 1,594 to 136,920.

SHFE 1508 zinc contract prices opened at RMB 16,375/mt on Thursday, then inched down and dipped to an intraday low of RMB 16,285/mt as a large number of longs left the market. Later the day, SHFE 1508 zinc contract prices found some support from bargain hunters but met resistance at the 60-day moving average, and closed at RMB 16,405/mt, down RMB 80/mt or 0.49%. Trading volumes decreased 53,938 to 126,954 lots, and total positions fell 4,762 to 133,752. SHFE 1508 zinc contract prices are expected to fall further this evening.

SHFE 1508 zinc contract prices

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