【Domestic Favorable Policies Boost Shanghai Zinc Prices】: The main Shanghai zinc contract 2411 opened at 24,435 yuan/ton, with a mixed sentiment at the beginning of the session, fluctuating around 24,430 yuan/ton. Subsequently, following the news of favorable domestic policies, Shanghai zinc prices soared, breaking through the daily moving average and reaching a high of 24,805 yuan/ton towards the close. It eventually closed at 24,710 yuan/ton, up 225 yuan/ton or 0.92% from the previous close. Trading volume increased to 2.2 million lots, while open interest decreased by 405 lots to 113,000 lots. Shanghai zinc recorded a positive candlestick...
Sep 26, 2024 18:32[Shanghai Zinc: Prices Soar but Market Trading Remains Subdued] Today's mainstream transaction prices for 0# zinc are concentrated at 24,630~24,880 yuan/ton, with Shuangyan trading at 24,880~25,120 yuan/ton, and 1# zinc transacting at 24,560~24,810 yuan/ton. In the morning session, the average price of tickets for the current month in the market was discounted by 20~30 yuan/ton, and there were no follow-up base price quotes, resulting in overall weak trading...
Sep 25, 2024 11:26【Strengthening US Dollar Pressures Shanghai Zinc Downwards】: The main 2411 contract of Shanghai zinc opened at 23,665 yuan/ton. With short positions increasing at the beginning of the session, Shanghai zinc fluctuated downward all the way, hitting a low of 23,455 yuan/ton at the end of the session, and finally closed at 23,480 yuan/ton, down 530 yuan/ton or 2.21%. Trading volume increased to 1.51 million contracts, and open interest increased by 1,525 contracts to 102,000 contracts. Shanghai zinc recorded a large bearish candlestick...
Sep 23, 2024 18:30【Fed Cuts Interest Rates by 50 Basis Points, Leading to a Sharp Rise in Shanghai Zinc Prices】: The main 2411 contract of Shanghai zinc opened at 23,750 yuan/ton. After the opening, Shanghai zinc prices rapidly declined to a low of 23,540 yuan/ton, then rebounded from the low and rallied continuously, reaching a high of 24,075 yuan/ton at the end of the session. The contract finally closed up at 24,075 yuan/ton, up 235 yuan/ton or 0.99%...
Sep 19, 2024 18:46[Macro Sentiment Turns Bearish, Shanghai Zinc Price Shifts Downwards]: The main 2410 contract of Shanghai zinc opened at 23,900 yuan/ton. With long positions being reduced at the beginning of the session, Shanghai zinc prices fluctuated downwards all the way, hitting a low of 23,615 yuan/ton towards the end of the session. It finally closed at 23,630 yuan/ton, down 410 yuan/ton or 1.71%...
Sep 2, 2024 18:01Continued Decline in Zinc Ingot Inventories at Social Warehouses, Shanghai Zinc Fluctuating at High Levels: The main 2410 contract of Shanghai zinc opened at 24,060 yuan/ton. After opening, Shanghai zinc fluctuated downward to a low of 23,845 yuan/ton, followed by a reduction in short positions. Shanghai zinc rebounded all the way to a high of 24,170 yuan/ton above the daily average line. At the end of the session, Shanghai zinc fell slightly again, closing up at 24,095 yuan/ton...
Aug 29, 2024 18:37