SHFE Zinc Prices Fell below RMB 16,000/mt (Jun. 17, 2015)

SHANGHAI, Jun. 17 (SMM) – SHFE 1508 zinc contract prices opened at RMB 16,095/mt Tuesday evening, then dropped to RMB 16,050/mt, and closed at RMB 16,055/mt, down RMB 40/mt or 0.25%. Trading volumes decreased 750 to 26,124 lots, and total positions grew 1,178 to 123,166.

SHFE 1508 zinc contract prices fluctuated between RMB 16,020-16,030/mt after opening on Wednesday, then plummeted to RMB 15,300/mt at one point in the afternoon and closed at RMB 15,900/mt, down RMB 195/mt or 1.21%. Trading volumes increased over 30,000 to 94,900 lots, and total positions decreased 1,516 to 120,000. Trading volumes of SHFE zinc contracts surged 55,500 to 155,500 lots, and total positions grew 6,922 to 265,000. SHFE 1508 zinc contract prices should point toward RMB 15,800/mt.