SMM

[US Fed Issues "Declaration," Zinc Prices Expected to Maintain Fluctuating Trend]: The most-traded SHFE zinc 2503 contract opened at 23,970 yuan/mt. At the beginning of the session, bulls reduced positions, causing SHFE zinc to fluctuate downward below the daily moving average, hitting a low of 23,800 yuan/mt. Subsequently, bears reduced positions, allowing SHFE zinc to recover part of the losses. Overall, the center fluctuated around the daily moving average. The contract ultimately closed higher at 23,880 yuan/mt, up 30 yuan/mt or 0.13%. Trading volume decreased to 94,660 lots, and open interest fell by 3,060 lots to 71,868 lots...