SMM

[Macro Front Warms Up but Fundamentals Remain Uncertain, SHFE Zinc May Fluctuate Widely in the Short Term]: SMM, February 20 – The most-traded SHFE zinc 2503 contract opened at 23,925 yuan/mt. At the beginning of the session, SHFE zinc fluctuated near the daily moving average. Subsequently, as bears reduced their positions, SHFE zinc fluctuated upward above the daily moving average, peaking at 24,160 yuan/mt by the end of the session. It ultimately closed higher at 24,145 yuan/mt, up 220 yuan/mt or 0.92%. Trading volume increased to 87,286 lots, while open interest decreased by 5,346 lots to 62,412 lots...