SHANGHAI, Jun. 14 (SMM) – SHFE 1708 zinc opened at RMB 20,855/mt today and then hovered around RMB 20,780/mt, and rose to RMB 21,030/mt with entry of longs and leaving of shorts. In the afternoon, SHFE 1708 zinc fluctuated around RMB 21,050/mt and closed at RMB 21,040/mt, up RMB 70/mt or 0.33%.
Trading volumes on SHFE 1708 zinc decreased 43,710 to 578,000 lots, and positions increased 3,742 to 290,000. The price spread between SHFE 1706 zinc and SHFE 1708 zinc narrowed RMB 555/mt to RMB 1,160/mt. SHFE 1708 zinc should hover around RMB 21,050/mt in the evening.