Tight Ore Supply Support Remains, SHFE Zinc Hovers at High Levels [SMM Zinc Morning Comment]
- Th05 24, 2024, at 9:54 am
Overnight, LME zinc opened at $3,056.5/mt, initially fell to a low of $3,011/mt, then rebounded, reaching a high of $3,088/mt, and eventually closing down at $3,052.5/mt, down $4.5/mt, or 0.15%. Trading volume decreased to 9,043 lots, and open interest decreased by 5,829 lots to 236,000 lots.
