SHFE Zinc Prices Closed with Gains (Aug. 24, 2015)

SHANGHAI, Aug. 24 (SMM) – SHFE 1510 zinc contract prices opened at RMB 14,715/mt last Friday evening, then leveled out at RMB 14,680/mt, and closed at RMB 14,685/mt, down RMB 140/mt or 0.94%.

China’s A-share market plunged over 8%, depressing market sentiment. SHFE 1510 zinc contract prices dipped to RMB 14,210/mt on Monday, their lowest since May 3, 2013, and closed at RMB 14,325/mt, down RMB 500/mt or 3.37%. Trading volumes increased 60,134 to 170,374 lots, and total positions decreased 7,272 to 132,324. SHFE 1510 zinc contract prices will look for price floor.