Zinc Inventories Dwindle, Shanghai Zinc Prices Yo-Yo above 24,000 Yuan/Ton Mark

Published: Aug 29, 2024 18:37

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Continued Decline in Zinc Ingot Inventories at Social Warehouses, Shanghai Zinc Fluctuating at High Levels: The main 2410 contract of Shanghai zinc opened at 24,060 yuan/ton. After opening, Shanghai zinc fluctuated downward to a low of 23,845 yuan/ton, followed by a reduction in short positions. Shanghai zinc rebounded all the way to a high of 24,170 yuan/ton above the daily average line. At the end of the session, Shanghai zinc fell slightly again, closing up at 24,095 yuan/ton...

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