Home / Metal News / Zinc Futures Lacked of Upward Momentum, Focusing on the Market Sentiment

Zinc Futures Lacked of Upward Momentum, Focusing on the Market Sentiment

iconMay 10, 2022 16:50
Source:SMM
The most-traded SHFE zinc 2206 contract ended 0.98% or 250 yuan/mt lower at 25775 yuan/mt with open interest reducing by 6,227 lots to 107,000 lots.

SHANGHAI, May 10(SMM) - The most-traded SHFE zinc 2206 contract ended 0.98% or 250 yuan/mt lower at 25775 yuan/mt with open interest reducing by 6,227 lots to 107,000 lots. In general, the domestic fundamentals still supported zinc prices, but the prices fell below 26,000 yuan/mt because of macro sentiment and lacked of upward momentum. The market shall focus on the changes in market sentiment.

Futures

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All