SHANGHAI, Aug. 10 (SMM) – SHFE 1510 zinc contract prices opened at RMB 14,900/mt Wednesday evening, then climbed to RMB 15,070/mt, and closed at RMB 15,020/mt.
SHFE 1510 zinc contract prices dipped to the 10-day moving average after opening Thursday as a large number of longs left the market but rallied later on and closed at RMB 14,980/mt, up RMB 355/mt or 2.43%. Trading volumes decreased 139,618 to 181,970 lots, and total positions decreased 5,806 to 149,464. SHFE 1509 zinc contract prices will test RMB 15,000/mt.
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