SHFE zinc recorded a bullish candlestick, with various moving averages exerting pressure on it. [SMM Zinc Futures Brief Review]

SMM April 1 News: The most-traded SHFE zinc 2505 contract opened at 23,530 yuan/mt. In the early session, SHFE zinc fluctuated around the daily average line, then rose above the daily average line as bears reduced their positions, reaching a high of 23,660 yuan/mt. It finally closed at 23,615 yuan/mt, up 160 yuan/mt, or 0.68%. Trading volume decreased to 166,000 lots, and open interest fell by 8,724 lots to 109,000 lots. SHFE zinc recorded a bullish candlestick, with various moving averages exerting pressure above and the lower Bollinger Band providing support below. Fundamentally, domestic supply is expected to increase slightly in April, while downstream consumption remains relatively average without significant seasonal characteristics. Zinc prices are expected to fluctuate in the short term, with continued attention on the US tariff policies. 》Order to view SMM metal spot historical prices