[brief comment on Zinc in SMM period] Shanghai Zinc 1906 contract completes delivery night zinc price or continues weak finishing

SMM6, 17th, news:

Within days, Shanghai zinc main 1908 contract opened at 19975 yuan / ton, early Shanghai zinc down in 19890 yuan / ton line to find support, upward and try to break through the daily average, failed to travel, and then pressure daily average around 19950 yuan / ton narrow concussion, re-trial daily average suppression, still unable to stand, and then down to 19880 yuan / ton. Trading volume fell 61500 hands to 372000 hands, while position increased 27226 hands to 313000 hands. The main contract of capital transfer within the day, and more than 27000 additional positions, inventories continue to record an increase, superimposed spot weak trend, superimposed heavy technical index suppression, Shanghai zinc follow-up action can not be enough, evening or pressure daily average finishing.

Today, Shanghai Zinc 1906 contract delivery, intraday rapid weakness, the center of gravity moved down to 20460 yuan / ton around finishing. It fell by 20425 yuan per ton, or 2.92%, by 7460 hands to 21920 hands and trading volume by 3070 hands to 10300 hands. Today's settlement price is 20560 yuan / ton, and the delivery volume is 54800 tons.