SHFE Zinc Prices Closed down RMB 70/mt (Jul. 13, 2015)

SHANGHAI, Jul. 13 (SMM) – SHFE 1509 zinc contract prices opened at RMB 15,295/mt last Friday evening, then hovered between RMB 15,220-15,320/mt, and closed at RMB 15,295/mt, down RMB 20/mt. China’s exports in June grew 2.8% YoY, but imports fell 6.1% YoY, fueling market concerns of further decline in China’s demand.

SHFE 1509 zinc contract prices fell slightly after opening on Monday, then hovered around RMB 15,200/mt. As eurozone leaders reached an agreement with Greece on its debt issue near the end of trading, SHFE 1509 zinc contract prices closed at RMB 15,245/mt, down RMB 70/mt or 0.46%. Trading volumes decreased 86,972 lots to 93,580 lots, and total positions increased 634 to 128,924. SHFE 1509 zinc contract prices are expected to rise this evening.

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