**SMM Morning Commentary: Shanghai Zinc 2412 Contract Dips Then Recovers, Closes Lower Amid Macroeconomic Uncertainties**

게시됨: Nov 7, 2024 08:59
**[SMM Morning Commentary on Zinc] Shanghai Zinc Main Contract 2412** opened at 24,665 yuan/tonne. Initially, long positions reduced, causing Shanghai zinc to briefly dip to 24,605 yuan/tonne. Subsequently, the focus of Shanghai zinc shifted upwards, hovering near 24,725 yuan/tonne. Following short position reductions, Shanghai zinc's focus further shifted upwards, touching a high of 24,880 yuan/tonne towards the end of the session. It ultimately closed with a decline, reporting 24,800 yuan/tonne, down by 155 yuan/tonne or 0.62%. Trading volume decreased to 86,425 contracts, while open interest fell by 222 contracts to 102,000 contracts. Overnight, Shanghai zinc recorded a positive candlestick, indicating renewed macroeconomic sentiment. With Trump's election victory, there are concerns in China about subsequent US policies that may抑制 exports and demand...

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