SHFE Zinc Prices Closed with Declines (Jun. 12, 2015)

SHANGHAI, Jun. 12 (SMM) – SHFE 1508 zinc contract prices opened at RMB 16,280/mt Thursday evening, then plummeted to RMB 16,100/mt, but increased to RMB 16,200/mt and closed at RMB 16,205/mt, down RMB 130/mt or 0.8%. Trading volumes increased 22,568 to 69,318 lots, and total positions increased 588 to 124,000.

SHFE 1508 zinc contract prices opened at RMB 16,200/mt Friday morning, and touched RMB 16,270/mt in the morning on the leaving of shorts, but fell back on market pessimism, and closed at RMB 16,130/mt, down RMB 205/mt or 1.25%. Trading volumes increased 24,364 to 118,598 lots, and total positions declined 442 to 123,048. SHFE 1508 zinc contract prices will fall to test RMB 16,000/mt this evening.