SHFE Zinc Prices Closed with Gains (Aug. 25, 2015)

SHANGHAI, Aug. 25 (SMM) – SHFE 1510 zinc contract prices opened at RMB 14,250/mt Monday evening, then dropped to RMB 14,280/mt, but later rose to RMB 14,400-14,500/mt, and closed at RMB 14,445/mt, down RMB 55/mt or 0.38%.

SHFE 1510 zinc contract prices dipped to RMB 14,325/mt on Tuesday then rallied to RMB 14,450/mt. As China’s A-share plunged in the afternoon, SHFE 1510 zinc contract prices fell and closed at RMB 14,360/mt, down RMB 135/mt or 0.93%. Trading volumes increased 274 to 170,648 lots, and total positions decreased 3,308 to 129,016. SHFE 1510 zinc contract prices will look for price floor.