Refined zinc supply to decrease, SHFE zinc prices met resistance [SMM Zinc Morning Comment]
- jan 08, 2024, at 10:00 am
Last Friday evening, LME zinc prices opened at $2531/mt and went up to close at $2544/mt, up $5/mt or 0.2%. Trading volume decreased to 7391, and open interest decreased 2143 lots to 202,000 lots. Last week, LME inventories decreased by 1,725 tons to 221,775 tons, a decrease of 0.78%.
