SHANGHAI, Sept. 11 (SMM) –LME zinc prices opened at USD 1,808/mt on Thursday, and surged to USD 1,830/mt but fell back, and closed at USD 1,812.5/mt, down USD 4.5/mt or 0.25%. Total trading volumes were up 1,931 to 10,844 lots, and total positions decreased 1,516 to 286,000. LME zinc inventories grew 23,750 to 575,125 mt.
SHFE 1511 zinc contract prices opened at RMB 14,870/mt Thursday evening, then fluctuated between RMB 14,850-14,900/mt and closed at RMB 14,855/mt, down RMB 20/mt or 0.13%. Trading volumes were up 16,754 to 55,382 lots, and total positions increased 3,052 to 130,000.
LME zinc prices are expected to move between USD 1,810-1,840/mt today. SHFE 1511 zinc contract prices will hover between RMB 14,800-14,950/mt today, with spot prices RMB 40-0/mt below SHFE 1510 zinc contract prices and ranging from RMB 30/mt below to RMB 20/mt above SHFE 1511 zinc contract prices.