SHANGHAI, Jun. 8 (SMM) – SHFE 1708 zinc opened at RMB 20,590/mt today and rose to RMB 20,650/mt, and then strengthened further to RMB 20,850/mt. In the afternoon, SHFE 1708 zinc declined to RMB 20,730/mt. With leaving of shorts, SHFE 1708 zinc pulled up and closed at RMB 21,060/mt, up RMB 395/mt or 1.91%.
Trading volumes on SHFE 1707 zinc increased 104,000 to 422,000 lots, and positions increased 1,834 to 256,000. SHFE 1707 zinc is expected to stabilize around RMB 21,000/mt this evening.