SHFE Zinc Prices Closed with Losses (Jun. 18, 2015)

SHANGHAI, Jun. 18 (SMM) – SHFE 1508 zinc contract prices opened at RMB 16,000/mt Wednesday evening, then dropped to RMB 15,830-15,870/mt, and closed at RMB 15,845/mt, down RMB 160/mt or 1%. Trading volumes increased 24,340 to 50,464 lots, and total positions declined 306 to 120,000.

SHFE 1508 zinc contract prices fluctuated around RMB 15,880/mt after opening on Thursday, touching RMB 15,935/mt in the afternoon and closing at RMB 15,885/mt, down RMB 120/mt or 0.75%. Trading volumes decreased over 10,000 to 84,770 lots, and total positions declined 3,532 to 117,000. SHFE 1508 zinc contract prices will remain on the downward track.