Zinc Prices Maintain a Fluctuating Trend; Focus on Domestic Social Inventory Performance [SMM Zinc Morning Comment]
[SMM Zinc Morning Comment] Last Friday, the most-traded SHFE zinc 2604 contract opened at 24,350 yuan/mt. At the beginning of the session, SHFE zinc fluctuated downward, dipping to below 24,220 yuan/mt. Subsequently, bears reduced their open interest, and the center of SHFE zinc moved higher, touching above 24,370 yuan/mt. It finally closed at 24,330 yuan/mt, up 70 yuan/mt, or 0.29%. Trading volume fell to 58,655 lots, and open interest decreased by 932 lots to 84,384 lots.