Tariff Disruptions Combined With Inventory Reduction Lead to a Long Upper Shadow Bullish Candle for LME Zinc [SMM Morning Meeting Notes]

๊ฒŒ์‹œ๋จ: Feb 28, 2025 08:40
[SMM Morning Meeting Summary: Tariff Disturbances Combined with Inventory Reduction, LME Zinc Recorded a Long Upper Shadow Bullish Candle]
Overnight, LME zinc opened at $2,808/mt. At the beginning of the session, LME zinc fluctuated around the daily moving average, briefly dipping to $2,801/mt. During European trading hours, bears reduced positions, and LME zinc quickly climbed to a high of $2,846/mt. Entering the night session, LME zinc gradually pulled back below the daily moving average. By the end of the session, the center fluctuated around $2,810/mt, closing with a gain at $2,809.5/mt, up $1.5/mt or 0.05%. Trading volume increased to 108,000 lots, while open interest decreased by 3,271 lots to 230,000 lots.

๋ฐ์ดํ„ฐ ์ถœ์ฒ˜ ์„ค๋ช…: ๊ณต๊ฐœ ์ •๋ณด๋ฅผ ์ œ์™ธํ•œ ๋ชจ๋“  ๋ฐ์ดํ„ฐ๋Š” SMM์ด ๊ณต๊ฐœ ์ •๋ณด, ์‹œ์žฅ ์ปค๋ฎค๋‹ˆ์ผ€์ด์…˜ ๋ฐ SMM ๋‚ด๋ถ€ ๋ฐ์ดํ„ฐ๋ฒ ์ด์Šค ๋ชจ๋ธ์„ ๊ธฐ๋ฐ˜์œผ๋กœ ๊ฐ€๊ณตํ•œ ๊ฒƒ์ž…๋‹ˆ๋‹ค. ๋ณธ ์ž๋ฃŒ๋Š” ์ฐธ๊ณ ์šฉ์ด๋ฉฐ ์˜์‚ฌ๊ฒฐ์ • ๊ถŒ๊ณ ๋ฅผ ๊ตฌ์„ฑํ•˜์ง€ ์•Š์Šต๋‹ˆ๋‹ค.

๋ฌธ์˜ ์‚ฌํ•ญ์ด ์žˆ๊ฑฐ๋‚˜ ์ž์„ธํ•œ ์ •๋ณด๋ฅผ ์›ํ•˜์‹œ๋ฉด ์•„๋ž˜๋กœ ์—ฐ๋ฝํ•ด ์ฃผ์‹œ๊ธฐ ๋ฐ”๋ž๋‹ˆ๋‹ค: lemonzhao@smm.cn
๋ฆฌ์„œ์น˜ ๋ณด๊ณ ์„œ ์—ด๋žŒ ๋ฐฉ๋ฒ•์— ๋Œ€ํ•œ ์ž์„ธํ•œ ๋‚ด์šฉ์€ ์•„๋ž˜๋กœ ๋ฌธ์˜ํ•˜์‹œ๊ธฐ ๋ฐ”๋ž๋‹ˆ๋‹ค:service.en@smm.cn
๊ด€๋ จ ๋‰ด์Šค
์‚ฐ๋‘ฅ ํ›„๋ชฌ ์ œ๋ จ ์œ ํ•œํšŒ์‚ฌ, SME 2026 ์ƒํ•˜์ด ๋ฉ”ํƒˆ ์œ„ํฌ์—์„œ ํ™”๋ คํ•˜๊ฒŒ ๋“ฑ์žฅ
43๋ถ„ ์ „
์‚ฐ๋‘ฅ ํ›„๋ชฌ ์ œ๋ จ ์œ ํ•œํšŒ์‚ฌ, SME 2026 ์ƒํ•˜์ด ๋ฉ”ํƒˆ ์œ„ํฌ์—์„œ ํ™”๋ คํ•˜๊ฒŒ ๋“ฑ์žฅ
๋” ๋ณด๊ธฐ
์‚ฐ๋‘ฅ ํ›„๋ชฌ ์ œ๋ จ ์œ ํ•œํšŒ์‚ฌ, SME 2026 ์ƒํ•˜์ด ๋ฉ”ํƒˆ ์œ„ํฌ์—์„œ ํ™”๋ คํ•˜๊ฒŒ ๋“ฑ์žฅ
์‚ฐ๋‘ฅ ํ›„๋ชฌ ์ œ๋ จ ์œ ํ•œํšŒ์‚ฌ, SME 2026 ์ƒํ•˜์ด ๋ฉ”ํƒˆ ์œ„ํฌ์—์„œ ํ™”๋ คํ•˜๊ฒŒ ๋“ฑ์žฅ
43๋ถ„ ์ „
์ฃผ๋ฃฝ ๋ฃจ์ด์‹  ํ™˜๊ฒฝ ๋ณดํ˜ธ ์žฌ๋ฃŒ ์œ ํ•œํšŒ์‚ฌ๋Š” 2026 SMM ์•„์—ฐ ์ปจํผ๋Ÿฐ์Šค์—์„œ ์—ฌ๋Ÿฌ๋ถ„์„ ๋งŒ๋‚˜๊ธฐ๋ฅผ ๊ธฐ๋Œ€ํ•ฉ๋‹ˆ๋‹ค.
1์‹œ๊ฐ„ ์ „
์ฃผ๋ฃฝ ๋ฃจ์ด์‹  ํ™˜๊ฒฝ ๋ณดํ˜ธ ์žฌ๋ฃŒ ์œ ํ•œํšŒ์‚ฌ๋Š” 2026 SMM ์•„์—ฐ ์ปจํผ๋Ÿฐ์Šค์—์„œ ์—ฌ๋Ÿฌ๋ถ„์„ ๋งŒ๋‚˜๊ธฐ๋ฅผ ๊ธฐ๋Œ€ํ•ฉ๋‹ˆ๋‹ค.
๋” ๋ณด๊ธฐ
์ฃผ๋ฃฝ ๋ฃจ์ด์‹  ํ™˜๊ฒฝ ๋ณดํ˜ธ ์žฌ๋ฃŒ ์œ ํ•œํšŒ์‚ฌ๋Š” 2026 SMM ์•„์—ฐ ์ปจํผ๋Ÿฐ์Šค์—์„œ ์—ฌ๋Ÿฌ๋ถ„์„ ๋งŒ๋‚˜๊ธฐ๋ฅผ ๊ธฐ๋Œ€ํ•ฉ๋‹ˆ๋‹ค.
์ฃผ๋ฃฝ ๋ฃจ์ด์‹  ํ™˜๊ฒฝ ๋ณดํ˜ธ ์žฌ๋ฃŒ ์œ ํ•œํšŒ์‚ฌ๋Š” 2026 SMM ์•„์—ฐ ์ปจํผ๋Ÿฐ์Šค์—์„œ ์—ฌ๋Ÿฌ๋ถ„์„ ๋งŒ๋‚˜๊ธฐ๋ฅผ ๊ธฐ๋Œ€ํ•ฉ๋‹ˆ๋‹ค.
1์‹œ๊ฐ„ ์ „
LME ์˜ํ–ฅ์œผ๋กœ, SHFE ์•„์—ฐ์€ ์•ฝ์„ธ ์บ”๋“ค์„ ๊ธฐ๋ก [SMM ์•„์—ฐ ๋ชจ๋‹ ์ฝ”๋ฉ˜ํŠธ]
2์‹œ๊ฐ„ ์ „
LME ์˜ํ–ฅ์œผ๋กœ, SHFE ์•„์—ฐ์€ ์•ฝ์„ธ ์บ”๋“ค์„ ๊ธฐ๋ก [SMM ์•„์—ฐ ๋ชจ๋‹ ์ฝ”๋ฉ˜ํŠธ]
๋” ๋ณด๊ธฐ
LME ์˜ํ–ฅ์œผ๋กœ, SHFE ์•„์—ฐ์€ ์•ฝ์„ธ ์บ”๋“ค์„ ๊ธฐ๋ก [SMM ์•„์—ฐ ๋ชจ๋‹ ์ฝ”๋ฉ˜ํŠธ]
LME ์˜ํ–ฅ์œผ๋กœ, SHFE ์•„์—ฐ์€ ์•ฝ์„ธ ์บ”๋“ค์„ ๊ธฐ๋ก [SMM ์•„์—ฐ ๋ชจ๋‹ ์ฝ”๋ฉ˜ํŠธ]
[SMM ๋ชจ๋‹ ์ฝ”๋ฉ˜ํŠธ] ์ต์ผ ์‹œ์žฅ์—์„œ, ์ตœ๋‹ค ๊ฑฐ๋ž˜๋œ SHFE ์•„์—ฐ 2608 ๊ณ„์•ฝ์€ 24,330์œ„์•ˆ/ํ†ค์— ๊ฐœ์žฅํ•˜์—ฌ, ์žฅ ์ดˆ๋ฐ˜ ๊ฐ•์„ธ ์„ธ๋ ฅ์˜ ํฌ์ง€์…˜ ์ถ•์†Œ๋กœ ์ผ์‹œ์  ๊ณ ์ ์ธ 24,360์œ„์•ˆ/ํ†ค์—์„œ ๊ธ‰๋ฝํ•˜์—ฌ ์ €์ ์ธ 24,205์œ„์•ˆ/ํ†ค๊นŒ์ง€ ๋ฐ€๋ ธ๋‹ค. ์ดํ›„ ํšก๋ณดํ•˜๋‹ค๊ฐ€ ๋งˆ๊ฐ ์ง์ „ ์•ˆ์ •ํ™” ํ›„ ์†Œํญ ๋ฐ˜๋“ฑํ–ˆ์œผ๋‚˜, ๊ฒฐ๊ตญ ์ „์ผ ๋Œ€๋น„ 180์œ„์•ˆ/ํ†ค(0.74%) ํ•˜๋ฝํ•œ 24,290์œ„์•ˆ/ํ†ค์œผ๋กœ ๋งˆ๊ฐํ–ˆ๋‹ค. ๊ฑฐ๋ž˜๋Ÿ‰์€ 56,884๊ณ„์•ฝ์œผ๋กœ ๊ฐ์†Œ, ๋ฏธ๊ฒฐ์ œ์•ฝ์ •์€ 2,677๊ณ„์•ฝ ๊ฐ์†Œํ•œ 99,375๊ณ„์•ฝ์„ ๊ธฐ๋กํ–ˆ๋‹ค.
2์‹œ๊ฐ„ ์ „
[SMM Morning Meeting Summary: Tariff Disturbances Combined with Invent - Shanghai Metals Market (SMM)