SHANGHAI, Aug. 5 (SMM) – SHFE 1510 zinc contract prices opened at RMB 14,810/mt Tuesday evening, then reached RMB 14,870/mt, but fell back and closed at RMB 14,745/mt. Trading volumes on SHFE zinc were over 60,000, and total positions increased 1,318 to 316,516.
SHFE 1510 zinc contract prices dipped to RMB 14,645/mt after opening on Wednesday, then surged to RMB 14,800/mt with rebounding China’s A-share market in the afternoon. But since China’s A-share market plunged again at the end of trading, SHFE 1510 zinc contract prices closed at RMB 14,735/mt, up RMB 105/mt or 0.72%. Trading volumes decreased 29,006 to 104,676 lots, and total positions increased 3,066 to 155,098. SHFE 1509 zinc contract prices are expected to consolidate.