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[brief comment on Zinc in SMM period] the strong finishing of Zinc in Shanghai in the far month of Capital transfer within one Day
Jun 26,2019 17:05CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM6 26 June news:

The main 1908 contract of Shanghai zinc opened at 20110 yuan / ton at the beginning of the day, opened high and low at the beginning of the day, and went down to 20020 yuan / ton. The operating range did not exceed 30 yuan / ton, and then the short position left the market neatly. Shanghai zinc was boosted and touched 20170 yuan / ton, and ran at 20140 yuan / ton. The short position at the end of the plate dragged down Shanghai zinc slightly, closing up 20085 yuan / ton, up 150 yuan / ton from the previous transaction. It rose 0.75%, with trading volume up 2126 to 257000 and positions down 11922 to 269000. Shanghai zinc jumped on the 20-day EMA operation, within the day capital move far month, 09, 10 contracts cumulative increase of more than 14600 hands, 08 contract reduction of more than 10, 000 hands, mostly short departure, macro sentiment moderated, shanghai zinc uplink temporarily high adjustment, however, due to the Shanghai zinc fundamentals do not have a big bright spot, the spot market transaction is dull, does not reflect the strong consumer demand. At night, Shanghai zinc may still run around the middle rail of Brin Road.

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