[SMM Zinc Morning Comments] SHFE Zinc Prices Hovered At High Levels Amid Strong Macro Sentiment

SHANGHAI, Aug 7 (SMM) - LME zinc prices closed up $0.5/mt or 0.02% at $2,505.5/mt last Friday evening. The trading volume decreased to 7,003 lots, and open interest added 798 lots to 201,000 lots. LME zinc inventory shed by 3,025 mt to 94,900 mt.

The most active SHFE 2309 zinc contract prices closed at 21,050 yuan/mt, up 80 yuan/mt or 0.38%. Trading volume fell to 66,051 lots, and open interest decreased by 46 lots to 107,000 lots.