Metal split zinc price accelerated fall Lunxi rose 2%-Shanghai Metals Market

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Metal split zinc price accelerated fall Lunxi rose 2%

Translation 10:34:55PM Jun 03, 2019 Source:SMM

SMM6 3: night trading LME metal trend differentiation, as of 22:27, Lun copper, Lun tin, Lun lead rose 0.57%, 2%, 0.28%, Lun Al, Lun Zinc fell 0.56%, 1.86%.

In the run-up to the European trading session today, the Shanghai zinc bulls left the market neatly, dragging down 20465 yuan per ton of Shanghai zinc, closing down 20480 yuan per ton, down 65 yuan per ton, or 0.32 percent, from the previous trading session, and trading volume fell 124000 hands to 394000 hands. Reduce your position by 12806 to 271000. During the day, the zinc bulls in Shanghai mainly reduced their positions, mainly due to the increase in social inventory in the three regions during the day. Although the overall decline was small, there was still a follow-up accumulation forecast, and the bulls did not have sufficient confidence. At night, the short position of Shanghai zinc increased, accelerating the decline of Shanghai zinc.

Metal split zinc price accelerated fall Lunxi rose 2%

Translation 10:34:55PM Jun 03, 2019 Source:SMM

SMM6 3: night trading LME metal trend differentiation, as of 22:27, Lun copper, Lun tin, Lun lead rose 0.57%, 2%, 0.28%, Lun Al, Lun Zinc fell 0.56%, 1.86%.

In the run-up to the European trading session today, the Shanghai zinc bulls left the market neatly, dragging down 20465 yuan per ton of Shanghai zinc, closing down 20480 yuan per ton, down 65 yuan per ton, or 0.32 percent, from the previous trading session, and trading volume fell 124000 hands to 394000 hands. Reduce your position by 12806 to 271000. During the day, the zinc bulls in Shanghai mainly reduced their positions, mainly due to the increase in social inventory in the three regions during the day. Although the overall decline was small, there was still a follow-up accumulation forecast, and the bulls did not have sufficient confidence. At night, the short position of Shanghai zinc increased, accelerating the decline of Shanghai zinc.