SMM4, July 7:
Within the day, the Shanghai zinc main force 2006 contract opened at 15585 yuan / ton, the early market digestion holiday is good, Shanghai zinc up 15875 yuan / ton, further rising power is insufficient, part of the funds to stop the earnings departure, Shanghai zinc slightly adjusted down to the bottom of the daily average around 15800 yuan / ton finishing operation. At the end of the day, it closed up at 15815 yuan / ton, up 320 yuan / ton, or 2.07%. Trading volume decreased by 6746 hands to 62711 hands, and positions increased by 345 hands to 82530 hands. The center of gravity of Shanghai zinc operation has moved up further, although the macro stimulus may not be sustainable, but the return to fundamentals of short-term ore supply to relative tension still constitutes a positive, it is expected that before the resumption of imported ore inflow and replenishment, Shanghai zinc throwing pressure is not large, there is still a possible impact on the Wanliu pass.
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