Overnight, LME zinc opened at US$2,425/ton. During the European trading period, LME zinc fluctuated around the daily moving average, and reached a low of US$2,400.5/ton before touching a high of US$2,598.5/ton. The contract finally closed up at US$2,497/ton, up US$79.5/ton, or 3.29%. The trading volume increased by 9,052 lots to 16,201 lots, and the open interest decreased by 206 lots to 198,000 lots. LME inventory fell by 1,825 tons to 82,700 tons, a decrease of 2.16%. Nyrstar announced the closure of the operations of two US zinc mines, driving LME zinc to rapidly rise.
Overnight, the most-traded SHFE 2312 zinc contract opened at 21200 yuan/mt and rose to 21615 yuan/mt before closing at 21505 yuan/mt, up 525 yuan/mt or 2.5%. Trading volume increased 49215 to 179,000 lots, and open interest increased by 9821 lots to 91,800 lots.
