SHANGHAI, Sept. 21 (SMM) – SHFE 1511 zinc contract prices opened at RMB 14,380/mt last Thursday evening, then edged down to RMB 14,345/mt, and climbed later on and closed at RMB 14,390/mt, down RMB 65/mt. SHFE 1511 zinc contract prices hovered between RMB 14,350-14,390/mt last Friday, and dipped to RMB 14,310/mt at the end of trading, and closed at RMB 14,310/mt, down RMB 145/mt or 1%. Trading volumes decreased 17,590 to 117,146 lots, and total positions grew 6,820 to 135,484.
#0 zinc prices were between RMB 14,430-14,630/mt, RMB 40-250/mt above SHFE 1511 zinc contract prices. #1 zinc traded at RMB 14,320/mt. Discounts of imported zinc were RMB 50-100/mt. Smelters sold modestly as zinc prices fell, leading to tightness of some brands and widening price spreads. Trading was mainly done under term contracts for domestic registered zinc. Downstream buyers bought as needed, improving overall transactions. Prices were between RMB 14,450-14,590/mt in the afternoon, but downstream buyers lacked buying interest, leaving overall transactions poor.