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LME zinc prices opened at USD 1,769/mt, then rose to USD 1,780/mt due to short covering and closed at USD 1,792/mt, up USD 25.5/mt or 1.44%. Trading volumes decreased 2,749 to 7,557 lots, and total positions fell over 10,000 to 301,000.
SHFE 1510 zinc contract prices opened at RMB 14,680/mt Wednesday evening, then touched RMB 14,775/mt, and struggled around RMB 14,700/mt, and closed at RMB 14,715/mt, up RMB 95/mt or 0.65%. Total trading volumes were down 5,630 to 44,154 lots, and total positions grew 232 to 144,738.
LME zinc prices should fluctuate between USD 1,780-1,810/mt today, and SHFE 1510 zinc contract prices will hover between RMB 14,680-14,800/mt, with spot premiums of RMB 180-230/mt.
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