SMM Analysis: Zinc Prices Soar 5.10% in September 2024; Outlook for October Trends

Published: Oct 12, 2024 19:53

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[SMM Analysis: Review of Zinc Price Trends in September 2024 and Outlook for October] As of September 30, the main contract for Shanghai zinc closed at 25,120 yuan/ton, marking a significant monthly increase of 1,220 yuan/ton, or 5.10%. At the beginning of the month, Shanghai zinc briefly dipped to a low of 22,305 yuan/ton before rebounding from its low levels and trending upwards, reaching a high of 25,120 yuan/ton by the end of the month. The center of gravity for zinc prices in September shifted notably higher compared to August. What were the main drivers behind this substantial rally? How will it evolve in October…?

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