Market Review: SHFE Zinc Fluctuates at Low Levels Amid Stable Market Sentiment
Sunday, 8 September 2024, 18:58
Market Review Overview
The market review reveals that SHFE zinc has been fluctuating at low levels while market sentiment remains unchanged. Despite the instability in commodity prices, investors continue to exhibit cautious trading behavior.
LME Lead Movements
LME lead opened at $2,039.5/mt on Monday, hitting a low of $2,031/mt. It subsequently surged to a high of $2,057.5/mt, largely influenced by a falling US dollar index. The lead finally closed up $17.5/mt. This movement signals shifts in non-ferrous metal price trends.
Market Sentiment Analysis
- Despite price fluctuations, market sentiment remains stable.
- Investors are closely watching trends in non-ferrous metals.
- Cautious trading is expected to persist in the short-term.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.