SMM Morning Comment For Zinc Market On January 30

Telah Terbit: Jan 30, 2024 09:56
Overnight, LME zinc opened at $2580/mt and hit a low of $2550/mt, closing down 1.12% at $2559/mt.

SHANGHAI, January 30 (SMM) –
Overnight, LME zinc opened at $2580/mt and hit a low of $2550/mt, closing down 1.12% at $2559/mt. Trading volume decreased to 6,432 lots, while open interest increased by 712 lots to 217,000 lots. LME zinc inventory fell by 675 mt to 190,925 mt, a decrease of 0.35%. The Dallas Fed Business Activity Index in January in the United States recorded -27.4, far lower than the expected value of -11.8 and the previous value of -10.4, a new low since June 2023. The U.S. index fell back after rising. Overnight, the SHFE-traded SHFE 2403 zinc contract opened at 21370 yuan/mt, with high at 21405 yuan/mt and then fell back before closing at 21360 yuan/mt, down 55 yuan/mt or 0.26%. Open interest fell 968 lots to 200,000 lots. The Spring Festival is approaching, downstream consumption is in the seasonal off-season, the spot market performance is weak, leaving SHFE zinc weak.

Pernyataan Sumber Data: Kecuali informasi yang tersedia untuk publik, semua data lainnya diproses oleh SMM berdasarkan informasi publik, komunikasi pasar, dan mengandalkan model database internal SMM. Hanya untuk referensi dan tidak menjadi rekomendasi pengambilan keputusan.

Untuk pertanyaan atau informasi lebih lanjut, silakan hubungi: lemonzhao@smm.cn
Untuk informasi lebih lanjut tentang cara mengakses laporan penelitian kami, hubungi:service.en@smm.cn
SMM Morning Comment For Zinc Market On January 30 - Shanghai Metals Market (SMM)