SHANGHAI, Apr. 8 (SMM) – SHFE 1506 zinc contract prices opened at RMB 16,230/mt Tuesday evening, then inched up to RMB 16,300/mt, but fell slightly later and closed the day at RMB 16,240/mt, up RMB 45/mt or 0.28%. Total positions increased 2,196 to 138,422.
SHFE 1506 zinc contract prices opened at RMB 16,240/mt on Wednesday, and extended gains, but rolled back early increases as a large number of longs left the market, and closed at RMB 16,190/mt, down RMB 5/mt or 0.03%. Trading volumes decreased 8,688 to 60,812 lots, and total positions fell 7,992 to 128,234. SHFE 1506 zinc contract prices are expected to meet resistance at RMB 16,300-16,500/mt in the near term.