Zinc to Stay Range-Bound (2017-4-26)

Publié: Apr 26, 2017 09:43
EIA crude oil inventories for the US in the week ending April 21 will be released this evening, which are expected to fall further and boost oil prices.

Déclaration sur la source des données : À l'exception des informations publiques, toutes les autres données sont traitées par SMM sur la base d'informations publiques, d'échanges avec le marché et en s'appuyant sur le modèle de base de données interne de SMM. Ils sont fournis à titre indicatif uniquement et ne constituent pas des recommandations décisionnelles.

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SHFE zinc recorded a bullish candlestick, and the short-term price is expected to continue to consolidate at highs [SMM zinc morning comment]
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SHFE zinc recorded a bullish candlestick, and the short-term price is expected to continue to consolidate at highs [SMM zinc morning comment]
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SHFE zinc recorded a bullish candlestick, and the short-term price is expected to continue to consolidate at highs [SMM zinc morning comment]
SHFE zinc recorded a bullish candlestick, and the short-term price is expected to continue to consolidate at highs [SMM zinc morning comment]
[SMM Zinc Morning Comment] Last Friday, the most-traded SHFE zinc 2608 contract opened at 24,005 yuan/mt. In early trading, SHFE zinc moved sideways along the daily average line, edging down to 23,940 yuan/mt during the session. Subsequently, bears reducing positions drove the price to rise continuously, with SHFE zinc steadily climbing above the daily average line and hitting a high of 24,420 yuan/mt. In the late session, SHFE zinc consolidated at highs with small fluctuations, eventually closing up at 24,400 yuan/mt, up 455 yuan/mt or 1.90%. Trading volume increased to 76,557 lots, while open interest decreased by 2,028 lots to 108,000 lots.
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US Dollar Index Keeps Declining, LME Zinc Center Moves Higher [SMM Morning Meeting Minutes]
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[SMM Morning Meeting Summary: US Dollar Index Continues to Slide, LME Zinc Center Moves Higher] Last Friday, LME zinc opened at $3434.5/mt. At the beginning of the session, prices weakened and dipped to $3387/mt. Subsequently, bears reduced positions, driving the futures to rebound continuously, with prices steadily rising above the daily average line. At the end of the session, it surged to a high of $3503.5/mt, finally closed up at $3500/mt, up $62/mt, or 1.80%. Trading volume increased to 106,000 lots, while open interest decreased by 297 lots to 261,000 lots.
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Les comptes fournisseurs de scories de zinc de juin restent relativement stables ; comment évolueront-ils par la suite ? [Analyse SMM]
Les comptes fournisseurs de scories de zinc de juin restent relativement stables ; comment évolueront-ils par la suite ? [Analyse SMM]
SMM apprend que les payables des scories de zinc restent relativement stables à des niveaux élevés ces dernières années. Quelles sont les raisons ? Comment évolueront-ils à l'avenir ?
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EIA crude oil inventories for the US in the week ending April 21 will - Shanghai Metals Market (SMM)