Domestic Policy Boost Sends Shanghai Zinc Prices Soaring, Up 0.92% to Close at 24,710 Yuan/Ton

Published: Sep 26, 2024 18:32

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【Domestic Favorable Policies Boost Shanghai Zinc Prices】: The main Shanghai zinc contract 2411 opened at 24,435 yuan/ton, with a mixed sentiment at the beginning of the session, fluctuating around 24,430 yuan/ton. Subsequently, following the news of favorable domestic policies, Shanghai zinc prices soared, breaking through the daily moving average and reaching a high of 24,805 yuan/ton towards the close. It eventually closed at 24,710 yuan/ton, up 225 yuan/ton or 0.92% from the previous close. Trading volume increased to 2.2 million lots, while open interest decreased by 405 lots to 113,000 lots. Shanghai zinc recorded a positive candlestick...

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