[Zn Price] SHFE Zinc Prices Closed with Gains (Jul. 21, 2015)

SHANGHAI, Jul. 21 (SMM) – SHFE 1509 zinc contract prices opened at RMB 15,500/mt Monday evening, then hovered between RMB 15,500-15,600/mt, and closed at RMB 15,540/mt, down RMB 45/mt or 0.29%. Trading volumes decreased 5,660 to 42,288 lots, and total positions grew 1,316 to 112,956.

SHFE 1509 zinc contract prices opened at RMB 15,500/mt, then fell with the exodus of longs after profit-taking, and dipped to RMB 15,505/mt. In the afternoon, SHFE 1509 zinc contract prices rose to RMB 15,550-15,580/mt, and closed at RMB 15,580/mt, down RMB 5/mt or 0.03%. Trading volumes decreased over 40,000 lots to 87,172 lots, and total positions decreased 2,600 to 109,000. SHFE 1509 zinc contract prices are expected to remain range-bound.