Overnight, LME zinc opened at $2574/mt, hitting a low of $2536/mt, and closed at $2559.5/mt, down $12/mt or 0.47%. Trading volume decreased to 8610 lots, and open interest fell 3008 lots to 231,000 lots. LME zinc inventories decreased by 1725 mt to 266025 mt, a decrease of 0.64%.
The most interest active SHFE 2405 zinc contract prices opened at 21385 yuan/mt and fell 110 yuan/mt or 0.51% to close at 21375 yuan/mt with the high-end of 21415 yuan/mt and the low-end of 21310 yuan/mt. Trading volumes decreased to 34837 lots and open interest grew 2097 lots to 92117 lots.
SHFE Zinc opened low and shorts entered the market [SMM Zinc Morning Comment]
- Mar 15, 2024, at 9:55 am
Overnight, LME zinc opened at $2574/mt, hitting a low of $2536/mt, and closed at $2559.5/mt, down $12/mt or 0.47%. Trading volume decreased to 8610 lots, and open interest fell 3008 lots to 231,000 lots. LME zinc inventories decreased by 1725 mt to 266025 mt, a decrease of 0.64%.
