Fed Rate Cut Sparks Sharp Rally in Shanghai Zinc Prices, 2411 Contract Closes 0.99% Higher

Published: Sep 19, 2024 18:46

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【Fed Cuts Interest Rates by 50 Basis Points, Leading to a Sharp Rise in Shanghai Zinc Prices】: The main 2411 contract of Shanghai zinc opened at 23,750 yuan/ton. After the opening, Shanghai zinc prices rapidly declined to a low of 23,540 yuan/ton, then rebounded from the low and rallied continuously, reaching a high of 24,075 yuan/ton at the end of the session. The contract finally closed up at 24,075 yuan/ton, up 235 yuan/ton or 0.99%...

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