【Overseas Markets Maintain Positive Sentiment, Shanghai Zinc Rebounds

Published: Apr 25, 2024 18:00

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【Overseas Markets Maintain Positive Sentiment, Shanghai Zinc Rebounds Today】: SMM News on April 25th: The main 2406 contract of Shanghai zinc opened at 22,425 yuan/ton. At the beginning of the session, bulls and bears were engaged in a tug-of-war, and Shanghai zinc hovered around 22,470 yuan/ton. Subsequently, the short positions were reduced, pushing the center of gravity of Shanghai zinc up to near the daily average line. However, there was insufficient momentum for further upside, coupled with the departure of bulls, Shanghai zinc fell below the daily average line to 22,405 yuan/ton. In the afternoon, funds entered the market, and Shanghai zinc rose above the daily average line, with the center of gravity shifting up to around 22,610 yuan/ton. Towards the end of the session, Shanghai zinc continued to rise, reaching a high of 22,785 yuan/ton, and ultimately closed at 22,770 yuan/ton, up on the day.

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