SHFE Zinc Prices Close Lower (Mar. 23, 2016)

Mar 23, 2016 17:23

Source:SMM

SHFE 1605 zinc contract prices opened at RMB 14,445/mt Tuesday evening.

SHANGHAI, Mar. 23 (SMM) – SHFE 1605 zinc contract prices opened at RMB 14,445/mt Tuesday evening, then hovered in a RMB 20/mt range, and closed at RMB 14,460/mt, down RMB 20/mt. Trading volumes of SHFE 1605 zinc were 129,000 lots, and positions decreased 2,002 to 162,000 lots.

SHFE 1605 zinc reached RMB 14,520/mt but fell back to RMB 14,450/mt today. As longs closed positions in the afternoon, SHFE 1605 zinc dropped and closed at RMB 14,385/mt, down RMB 95/mt. Trading volumes of SHFE 1605 zinc fell 110,000 to 293,000 lots, and positions decreased 13,000 to 151,000.

SHFE zinc prices

LME zinc prices

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SHFE Zinc Prices Close Lower (Mar. 23, 2016)

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