SHANGHAI, Dec. 27 (SMM)--The transaction was weak last Friday due to Christmas holiday. The US dollar index fluctuated narrowly between 80.4 and 80.6; LME zinc prices fell to USD 2,300/mt without support from 5-day moving average, and finally closed at USD 2,297/mt. Trading volumes further decreased to 25,524 lots, and total positions decreased to 230,785 lots. A large number of positions left the market after profit-taking before the holiday. China’s central bank announced to further increase interest rates by 0.25%. In this context, SHFE zinc prices are expected to end fluctuations.
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