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Commodity News

SunSirs: On March 5th, the Quotation for Zinc Ingots in the Shanghai Futures Market

March 06 2024 15:35:04     SunSirs (John)

Price trend

On March 5th, the price of zinc ingots in the Shanghai futures market rose. On March 5th, the opening price of zinc ingots was 20,650 RMB/ton, and the closing price was 20,680 RMB/ton. The settlement price was 20,685 RMB/ton, and the settlement price on the previous trading day was 20,600 RMB/ton. The price of zinc ingots in the Shanghai futures market had increased by 80 RMB/ton.

Analysis review

The price of zinc in the Shanghai market had risen, and the trading enthusiasm in the spot zinc market was average. The upward momentum of spot zinc prices in the future still existed, the downward pressure weakened, and zinc prices fluctuated and consolidated.

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