Inventory Performance Diverges in and outside China, SHFE Zinc Maintains Fluctuating Trend [SMM SHFE Zinc Brief Review]
[Inventory Performance "Splits" in and outside China, SHFE Zinc Maintains Fluctuating Trend] The most-traded SHFE zinc 2605 contract opened at 23,720 yuan/mt. After the opening, bulls reduced open interest and SHFE zinc dipped to a low of 23,665 yuan/mt. Subsequently, bulls increased open interest and the SHFE zinc center rose to hover near the daily average line in a fluctuating pattern, touching a high of 23,835 yuan/mt during the session. Toward the end of the session, bulls reduced open interest and SHFE zinc fell back below the daily average line, ultimately closing up 25 yuan/mt, a gain of 0.11%. Trading volume increased to 36,226 lots, and open interest decreased by 215 lots to 77,368 lots.