Domestic Zinc Supply Tightness Sustains Price Rally; Shanghai Zinc Closes 0.46% Higher

게시됨: Sep 11, 2024 16:47
["Tight domestic supply continues to support zinc prices": The main 2410 contract of Shanghai zinc opened at 22,745 yuan/ton. At the beginning of the session, Shanghai zinc fluctuated narrowly along the daily average line with a range of 180 yuan/ton. During the afternoon session, as long positions increased, the focus of Shanghai zinc shifted upwards to around 22,755 yuan/ton. Subsequently, long positions took profits and exited, causing Shanghai zinc to move downwards, but encountered short positions reducing their positions. The focus of Shanghai zinc shifted upwards again and reached a high of 22,970 yuan/ton. Finally, it closed at 22,940 yuan/ton, up 105 yuan/ton or 0.46%. Trading volume increased by 49,706 contracts to 217,000 contracts, while open interest decreased by 1,126 contracts to 86,472 contracts...]

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