Consumption Gradually Entering Off-Season, SHFE Zinc Expected to Fluctuate in the Short Term [SMM Zinc Morning Comment]
[SMM Zinc Morning Comment: Consumption Gradually Entering Off-Season, SHFE Zinc Expected to Fluctuate in the Short Term] Overnight, the most-traded SHFE zinc 2607 contract opened at 24,750 yuan/mt. At the beginning of the session, SHFE zinc touched a high of 24,750 yuan/mt. After the opening, SHFE zinc pulled back in a volatile manner throughout the session, hitting a low of 24,445 yuan/mt. It then gradually recovered from the low to near the daily average line, ultimately closing down at 24,555 yuan/mt, down 150 yuan/mt, a decline of 0.61%.