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Shouchuang Futures: Zinc Prices Rebound After Excessive Drop
Amid market panic, last night zinc prices opened significantly lower, dropping over 2%, falling to 22,350 yuan, hitting a new low for the year. However, it quickly rebounded afterward, and today zinc prices continued to rebound, shifting from decline to rise. Zinc prices are fluctuating around 23k yuan. As zinc prices continue to decline and the peak season approaches, it is expected that downstream buyers will increase stockpiling on dips, and zinc prices may gradually stabilize. (First Capital Futures)