US Dollar Index Strengthens SHFE Zinc Pulls Back [SMM Zinc Futures Brief]

SMM Mar 21: The most-traded SHFE zinc 2505 contract opened at 23,840 yuan/mt. After the opening, SHFE zinc fluctuated, reaching a high of 23,935 yuan/mt, then slid to a low of 23,705 yuan/mt. Near the end of the session, SHFE zinc slightly rebounded, closing down at 23,770 yuan/mt, a decrease of 70 yuan/mt or 0.29%. Trading volume increased to 109,000 lots, and open interest rose by 658 lots to 109,000 lots. SHFE zinc recorded a negative candle, with the Bollinger Bands midline forming resistance. The US dollar continued to strengthen, suppressing the performance of non-ferrous metals. During the day, SHFE zinc also pulled back. As the expectation of increased zinc ingot supply continues to materialize, the upside for zinc prices may be limited.    》Order to view SMM metal spot historical prices