SHANGHAI, Sept. 11 (SMM) –SHFE 1511 zinc contract prices opened at RMB 14,960/mt Wednesday evening, then rolled back early gains and closed at RMB 14,845/mt, down RMB 60/mt. Total trading volumes were down 44,056 to 38,628 lots, and total positions decreased 508 to 124,000. SHFE 1511 zinc contract prices hovered between RMB 14850-14870/mt Thursday, and raced up to RMB 14,900/mt in the afternoon, helped by growing longs, and closed at RMB 14,915/mt, up RMB 60/mt or 0.40%. Trading volumes decreased 84,610 to 97,632 lots, and total positions grew 2,558 to 127,000.
#0 zinc prices were between RMB 14,850-14,900/mt, RMB 40/mt below or RMB 20/mt above SHFE 1510 zinc contract prices. #1 zinc traded at RMB 14,740-14,750/mt. Imported #0 zinc prices were RMB 210-190/mt below SHFE 1510 zinc contract prices, with overall trading lackluster. Traded prices were between RMB 14,860-14,920/mt in the afternoon.