SHANGHAI, Aug. 21 (SMM) –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%. SHFE 1510 zinc contract prices touched RMB 14,805/mt on Thursday, but fell back with plunging A-share market in China, and closed at RMB 14,740/mt, up RMB 120/mt or 0.82%. Trading volumes decreased 3,352 to 92,484 lots, and total positions decreased 286 to 144,220. SHFE 1509 zinc contract prices will move sideways.
#0 zinc prices were between RMB 14,890-14,950/mt, RMB 220-250/mt above SHFE 1510 zinc contract prices on Tuesday. #1 zinc prices were RMB 14,820/mt. Spot premiums of imported #0 zinc were RMB 50-120/mt against SHFE 1510 zinc contract prices. Smelters sold normally, and downstream buyers preferred imported zinc. Traders bought at lows, with overall trading quiet and prices between RMB 14,930-14,980/mt. Spot premiums held firm above RMB 220/mt