SHANGHAI, Sept. 22 (SMM) – LME zinc prices opened at USD 1,684/mt on Monday, then dipped to USD 1,637/mt, and closed at USD 1,647.5/mt, down USD 30.5/mt or 1.82%. Total trading volumes were up 46 to 12,555 lots, and total positions increased 1,831 to 277,144.
SHFE 1511 zinc contract prices opened at RMB 13,720/mt Monday evening, then hovered around RMB 13,700/mt. At the end of trading, SHFE 1511 zinc contract prices dipped to RMB 13,635/mt, and closed at RMB 13,675/mt, down RMB 160/mt or 1.16%. Trading volumes were 105,272 lots. Total positions increased 6,608 to 181,496.
LME zinc prices are expected to move between USD 1,640-1,670/mt today. SHFE 1511 zinc contract prices will hover between RMB 13,300-13,500/mt, with spot prices RMB 200-500/mt above SHFE 1511 zinc contract prices.