SHANGHAI, Mar. 29 (SMM) – On Thursday, SHFE 1705 zinc opened at RMB 23,580/mt and then declined to RMB 23,440/mt. During the afternoon trading, the contract stabilized at RMB 23,440/mt, down as low as RMB 23,305/mt. SHFE 1705 zinc closed at RMB 23,425/mt, up RMB 435/mt or 1.89%. Trading volumes were down 124,000 to 708,000 lots and positions were up 2,388 to 250,000. Trading volumes of SHFE 1706 zinc fell 13,550 to 194,000 lots and positions dropped 13,238 to 183,000. SHFE 1705 zinc moved above the moving averages on Thursday and will fluctuate at current level and may find support at RMB 23,000/mt on Thursday’s night trading.