SHANGHAI, Nov. 10 (SMM) –LME zinc prices opened at USD 1,661/mt on Monday, and reached USD 1,674/mt in Asian trading session, but rolled back early gains in Europe and US trade session, and closed at USD 1,639.5/mt, down USD 25.5/mt. Trading volumes were down 1,145 to 7,843, and total positions increased 798 to 284,000.
SHFE 1601 zinc contract prices opened at RMB 13,540/mt Monday evening, then hovered around RMB 13,500/mt, and closed at RMB 13,415/mt, down RMB 105/mt. Trading volumes were 90,000 lots, and total positions increased 4,390 to 169,000.
LME zinc prices are expected to move between USD 1,630-1,660/mt today. SHFE 1601 zinc contract prices will hover between RMB 13,300-13,500/mt, with spot prices RMB 180-250/mt above SHFE 1601 zinc contract prices.