Latest Update in the SMM Zinc Market

LME copper opened at $9,622.5/mt overnight, initially reaching a high of $9,648/mt before declining throughout the session, hitting a low of $9,513/mt near the close, and finally rebounding slightly to close at $9,550/mt, down 0.06%.

Overnight, LME zinc opened at $3,140.5/mt, initially fluctuating around the daily average, then fluctuating downward to hover below the daily average at $3,120/mt.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Oct 29, 2024

SMM, October 29: In our daily lives, products such as lighting fixtures, door locks, bathroom equipment, and door and window accessories are all made from die-casting zinc alloy.

SMM, October 29: The third quarter of 2024 has ended. Overall, the operating rate initially declined and then recovered.

LME copper opened at $9,541.5/mt overnight, initially fluctuated lower to $9,530/mt, then rose to $9,586/mt during the session, and finally dropped back slightly to close at $9,556/mt, down 0.08%.

Overnight, LME zinc opened at $3,080.5/mt, initially fluctuated downward below the daily moving average to a low of $3,042.5/mt, then fluctuated upward above the daily moving average, fluctuating rangebound around $3,080/mt.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Oct 28, 2024