[brief Review of Zinc in SMM period] reduction of short positions within days and re-reduction of main inventory or support of Zinc in Shanghai

SMM10, 21 March:

During the day, the Shanghai zinc main force 1912 contract opened at 18965 yuan / ton. At the beginning of the day, Shanghai zinc was arranged and operated around 18960 yuan / ton. Then the bulls left the market, dragging down the Shanghai zinc, and the running center of gravity moved down to 18900 yuan / ton. Near the European trading hour, short leave Shanghai zinc Xu Li returned to 18930 yuan / ton, closing up 18925 yuan / ton, up 110 yuan / ton, up 0.58%, trading volume increased 54254 hands to 245000 hands. Positions were reduced by 4456 to 196000. Shanghai zinc yin within the day, attached to the shadow line stabbing Brin Road in the middle track, KDJ index inflection slightly upward trend, indicating that Shanghai zinc action energy or more limited, the reduction of short positions within the day is mainly, mainly due to the warming of macro mood, the social inventory of the three places recorded a small decline again, or supported by Shanghai zinc, at night or running near the 5-day moving average.

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