SHFE Zinc Prices Finish with Gains (May 19, 2015)

SHANGHAI, May 19 (SMM) – SHFE 1507 zinc contract prices opened at RMB 16,835/mt Monday evening, then dropped to RMB 16,800/mt, and closed at RMB 16,795/mt, down RMB 25/mt or 0.15%. Trading volumes decreased 37,956 to 29,122 lots, and total positions fell 364 to 106,418.

SHFE 1507 zinc contract prices opened at RMB 16,795/mt on Tuesday, then rebounded with LME zinc prices, touching as high as RMB 16,910/mt. In the afternoon, SHFE 1507 zinc contract prices lacked ability to rise and closed at RMB 16,865/mt, up RMB 45/mt or 0.27%. Trading volumes decreased 37,262 to 85,834 lots, and total positions fell 1,174 to 105,608. SHFE 1507 zinc contract prices are expected to fall further this evening.