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

Published: May 10, 2022 16:50

Source: SMM

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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

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