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[brief comment on Zinc in SMM period] the social inventory in the three places has recorded an increase in zinc exploration in Shanghai and a lower level of less than 20, 000.
Jun 14,2019 16:48CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM6 14 / 14 / PRNewswire-FirstCall-Asianet /-

The main 1908 contract of Shanghai zinc opened at 20155 yuan / ton within a day, the short position entered the market substantially at the beginning of the day, Shanghai zinc opened high and low, all the way down to 20070 yuan / ton, failed to try to go up again, and then the short position left the market to boost Shanghai zinc to 20120 yuan / ton first line narrow range finishing, the operating range does not exceed 30 yuan / ton, enter the European trading period, and then the short exit boosts the Shanghai zinc to the first line of 20120 yuan / ton narrow range finishing, the operating range does not exceed 30 yuan / ton, entering the European trading period. Dragged down by the outside market, Shanghai zinc quickly pierced 20000 yuan / ton integer level support, all the way down 19990 yuan / ton Xu Li returned to rise, up to 20100 yuan / ton, recorded a V shape, backfilling most of the decline, closing down 20100 yuan / ton, down 185 yuan / ton, down 0.91%, trading volume increased by 169000 hands to 434000 hands, and position volume increased by 22444 hands to 286000 hands. During the day, Shanghai zinc recorded three consecutive yin, the overall jump off the middle track of Bolin Road, the KDJ index turned downward, showing a more obvious downward trend of Shanghai zinc, the social inventory of Shanghai, Guangdong and Tianjin increased compared with last Thursday, the superimposed market is still strong, but the consumer side is still no obvious improvement, Shanghai zinc current action can be weak, night observation Brindao middle track suppression.

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