LME zinc prices closed at $2,398/mt last Friday evening, a decrease of $52/mt or 2.12%. The trading volume rose to 9132 lots, and open interest was up by 2,761 lots to 208,000 lots. LME zinc inventory increased by 225 mt to 91,800 mt, an increase of 0.25%. The recent domestic economic data has fallen short of expectations, and the dollar has strengthened. LME zinc prices thus weakened.
The most active SHFE 2309 zinc contract prices closed at 20,480 yuan/mt last Friday evening, down 240 yuan/mt or 1.16%. The trading volume was down to 75,088 lots, and open interest grew 1,433 lots to 93,578 lots. In recent days, the market has once again paid attention to trust products and real estate events, and the macro sentiment has weakened. However, zinc social inventory decreased 8,700 mt to 117,200 mt, still having support to zinc prices.
