SHANGHAI, Jul. 23 (SMM) – SHFE 1509 zinc contract prices hovered between RMB 15,130-15,200/mt Wednesday evening, and closed at RMB 15,165/mt, down RMB 225/mt.
SHFE 1509 zinc contract prices dropped to RMB 15080/mt after opening, but rose on falling US dollar index and short covering to RMB 15,270/mt, and closed at RMB 15,250/mt, down RMB 140/mt or 0.91%. Trading volumes decreased 3,932 lots to 110,774 lots, and total positions decreased 4,016 to 103,902. SHFE 1509 zinc contract prices are expected to rise to RMB 15,300/mt.