**[SMM Morning Zinc Commentary] Shanghai Zinc Main Contract 2412 Opened at 25,300 Yuan/Tonne**
The Shanghai zinc main contract 2412 opened at 25,300 yuan per tonne. Initially, long positions increased, driving Shanghai zinc prices to oscillate upwards and touch a high of 25,430 yuan per tonne. Subsequently, Shanghai zinc consolidated along the daily moving averages, ultimately closing up at 25,290 yuan per tonne, with a gain of 120 yuan per tonne or 0.48%. Trading volume decreased to 77,078 contracts, while open interest increased by 4,356 contracts to 108,000 contracts. Overnight, Shanghai zinc recorded a small bearish candlestick, and market sentiment gradually recovered from the negative sentiment brought about by the U.S. presidential election...
![Shanghai Zinc: Downstream Fear of High Prices Resurfaces, Market Trading Sentiment Sluggish [SMM Midday Commentary]](https://imgqn.smm.cn/usercenter/kdRPs20251217171754.jpg)
![Zinco de Ningbo: Comerciantes vendem de forma casual, prêmios de mercado basicamente estáveis [Análise do meio-dia da SMM]](https://imgqn.smm.cn/usercenter/cirme20251217171754.jpg)

