SHANGHAI, December 26 (SMM) –
Overnight, the seventh meeting of the Standing Committee of the 14th National People's Congress was held in Beijing from December 25 to 29. Overnight, LME was closed for the Christmas holiday. Overnight, the most-traded SHFE 2402 zinc contract opened at 21370 yuan/mt, and closed up 15 yuan/mt or 0.07% at 21330 yuan/mt. Trading volume was 18824 lots, and open interest rose 1121 lots to 84,000 lots. Due to the impact of the off-season, there was insufficient upward momentum for SHFE zinc, which occasionally fell back and returned to the average level of the previous few working days.
SMM Morning Comment For Zinc Market On December 26
- Dec 26, 2023, at 9:53 am
- SMM
Overnight, the seventh meeting of the Standing Committee of the 14th National People's Congress was held in Beijing from December 25 to 29. Overnight, LME was closed for the Christmas holiday.
