Fundamentals Show Both Bullish and Bearish Factors, SHFE Zinc Consolidates at Highs [SMM Zinc Morning Comment]
[SMM Zinc Morning Comment: Fundamentals Show Both Bullish and Bearish Factors, SHFE Zinc Consolidates at Highs] Last Friday, the most-traded SHFE zinc 2608 contract opened at 24,790 yuan/mt, dipped to a low of 24,780 yuan/mt in early trading, then drifted higher after the opening, hitting a high of 24,945 yuan/mt, before pulling back to near the daily average line, maintaining a fluctuating trend, and finally closing flat at 24,865 yuan/mt, with trading volume decreasing to 37,825 lots..