Home / Metal News / Zinc / [brief comment on Zinc in SMM] the overnight increase of zinc in Shanghai is expected to be weak during the day.
[brief comment on Zinc in SMM] the overnight increase of zinc in Shanghai is expected to be weak during the day.
Jun 19,2019 16:39CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM6, 19th, news:

The main 1908 contract of Shanghai zinc opened at 20180 yuan / ton at the beginning of the day, but at the beginning of the day, Shanghai zinc briefly rose to 20170 yuan / ton, but failed to stand firm, quickly lowered 19960 yuan / ton, and pushed Shanghai zinc upward to 20030 yuan / ton at midday. However, it failed to insist, after falling back again, it tried to rise to 19990 yuan / ton, and the long end of the plate left the market slightly. Shanghai zinc went down, closing up 19945 yuan / ton, up 15 yuan / ton from the previous transaction. It rose 0.08%, with trading volume up 218.88 million to 602000 and positions up 588 to 295000. Within the day, Shanghai zinc closed a small negative line, attached to the shadow line on the 20-day average suppression, within the day, Shanghai zinc as a whole is in a downward trend, sorting out the overnight pull-up affected by the macro, basically give up overnight increases, superimposed weak spot market demand, Shanghai zinc night or no greater action can, Shanghai zinc is expected to run near the 10-day moving average.

A brief review of zinc
a daily review

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn