Strengthening US Dollar Drives Shanghai Zinc Prices Down 2.21%, Marking Large Bearish Candlestick

Published: Sep 23, 2024 18:30

Save

【Strengthening US Dollar Pressures Shanghai Zinc Downwards】: The main 2411 contract of Shanghai zinc opened at 23,665 yuan/ton. With short positions increasing at the beginning of the session, Shanghai zinc fluctuated downward all the way, hitting a low of 23,455 yuan/ton at the end of the session, and finally closed at 23,480 yuan/ton, down 530 yuan/ton or 2.21%. Trading volume increased to 1.51 million contracts, and open interest increased by 1,525 contracts to 102,000 contracts. Shanghai zinc recorded a large bearish candlestick...

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

Resources, Cost, and Performance: Assessment of the Future Market Landscape for Zinc Alloys and Brass

[ Resources, Cost, and Performance: Assessment of the Future Market Landscape for Zinc Alloys and Brass] Against the backdrop of supply chain security, the in-depth advancement of the dual-carbon strategy, and industrialization in China, zinc alloys and brass, as industrial metals, are both used in end-user industrial metal manufacturing. Mutual substitution between the two has been increasing......

1 hour ago

2 hours ago

US Dollar Index Pulled Back, SHFE Zinc Rose During the Day [SMM Zinc Futures Brief]

[US Dollar Index Pulled Back, SHFE Zinc Rose Intraday]: The most-traded SHFE zinc 2605 contract opened at 23,720 yuan/mt. After the opening, SHFE zinc fluctuated higher, hitting an intraday low of 23,645 yuan/mt and touching a high of 23,800 yuan/mt near the close. It finally settled up at 23,790 yuan/mt, gaining 80 yuan/mt or 0.34%.

2 hours ago

3 hours ago

Data: SHFE, DCE market movement (Apr 14)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 14 Apr , 2026

3 hours ago