SHANGHAI, Jul. 23 (SMM) – SHFE 1509 zinc contract prices opened at RMB 15,000/mt last Friday evening, then fell to a four-week low of RMB 14,840/mt, but clawed back some losses at the end of trading, and closed at RMB 14,940/mt, down RMB 45/mt or 0.3%.
SHFE 1509 zinc contract prices fluctuated around RMB 15,800/mt after opening. As China’s A-share market extended losses in the afternoon, SHFE 1509 zinc contract prices dipped to as low as RMB 15715/mt, and closed at RMB 15,750/mt, down RMB 330/mt or 2.19%. Trading volumes decreased 3,936 lots to 114,228 lots, and total positions grew 1,276 to 104,618. SHFE 1509 zinc contract prices are expected to fall to RMB 14,600/mt.