Market Concerns Over Ore Supply, SHFE Zinc Continued to Rise [SMM Zinc Morning Comment]
[SMM Zinc Morning Comment] Overnight, the most-traded SHFE zinc 2606 contract opened at 24,830 yuan/mt. At the beginning of the session, bulls increased open interest, and SHFE zinc fluctuated upward. Toward the end of the session, after touching a high of 24,970 yuan/mt, upward momentum weakened and the center shifted lower with range-bound trading. It finally closed up at 24,915 yuan/mt, gaining 85 yuan/mt or 0.34%. Trading volume fell to 50,281 lots, and open interest increased by 132 lots to 91,706 lots.