SHFE Zinc Prices Finish with Gains (Apr. 2, 2015)

SHANGHAI, Apr. 2 (SMM) – SHFE 1506 zinc contract prices opened at RMB 15,925/mt Wednesday evening, then inched up to RMB 16,030/mt, and closed the day at RMB 16,025/mt, up RMB 70/mt or 0.44%.

SHFE 1506 zinc contract prices opened at RMB 16,025/mt on Thursday, and met resistance at the 60-day moving average, erasing some gains as a large number of longs left the market, which once dipped to RMB 15,960/mt and closed at RMB 16,000/mt, up RMB 45/mt or 0.28%. Trading volumes increased 17,294 to 102,918 lots, and total positions declined 1,730 to 124,770. SHFE 1506 zinc contract prices are expected to remain steady this evening.