Supply Increases While Consumption Support Is Insufficient, SHFE Zinc Expected to Maintain Fluctuating Trend in the Short Term [SMM Zinc Futures Brief Review]
- feb 17, 2025, at 3:51 pm
[Supply Increases but Consumption Support Remains Insufficient, SHFE Zinc Expected to Maintain Fluctuating Trend in the Short Term]: The most-traded SHFE zinc 2503 contract opened at 23,710 yuan/mt, briefly touching a low of 23,565 yuan/mt after the opening. Subsequently, as bears reduced their positions, SHFE zinc fluctuated upward above the daily moving average, reaching a high of 24,115 yuan/mt near the session's end. It ultimately closed lower at 23,850 yuan/mt, down by 275 yuan/mt or 1.14%. Trading volume increased to 26,482 lots, while open interest decreased by 8,965 lots to 74,928 lots...
