Tariff Sentiment Gradually Digested, SHFE Zinc Center Moves Upward [SMM Zinc Futures Brief Review]

게시됨: Feb 12, 2025 17:21
[Tariff Sentiment Gradually Absorbed, SHFE Zinc Center Moves Up]: The most-traded SHFE zinc 2503 contract opened at 23,650 yuan/mt. In early trading, bears reduced positions, pushing SHFE zinc up to an intraday high of 23,845 yuan/mt. It then fluctuated and consolidated around 23,800 yuan/mt, eventually closing higher at 23,800 yuan/mt, up by 60 yuan/mt or 0.23%. Trading volume decreased to 111,000 lots...
SMM, February 12: The most-traded SHFE zinc 2503 contract opened at 23,650 yuan/mt. In early trading, short covering pushed SHFE zinc up to an intraday high of 23,845 yuan/mt, before consolidating around 23,800 yuan/mt. It eventually closed higher at 23,800 yuan/mt, up 60 yuan/mt or 0.23%. Trading volume fell to 111,000 lots, and open interest decreased by 1,386 lots to 901.45 million lots. SHFE zinc recorded a long bullish candlestick. Macro front, tariff news has been gradually digested by the market, with focus shifting to the recovery of domestic demand. LME inventory continues destocking, while domestic inventory buildup was below expectations, providing support for SHFE zinc. SHFE zinc is expected to remain range-bound in the evening session, with attention on the US CPI data tonight. 》Subscribe to view SMM historical spot metal prices 

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Tariff Sentiment Gradually Digested, SHFE Zinc Center Moves Upward [SMM Zinc Futures Brief Review] - Shanghai Metals Market (SMM)