Metals News
[agency Review] the main shock of Shanghai Zinc is weak and pay attention to the impact of G20 Summit on Zinc Price
translation
09:15AM
Source:Wenhua Finance and Economics
The content below was translated by Tencent automatically for reference.

Overnight, Lun Zinc weakened to close at $2500.5 a tonne, down $33.50, or-1.32 per cent. Shanghai zinc main force 1908 shock weak, closed at 19940 yuan / ton, down 145 yuan / ton, or-0.72%.

Spot, according to SMM, Guangdong 0 # zinc mainstream transaction in 2010 20270 yuan / ton, Shanghai zinc 1908 contract water 200210210yuan / ton, refinery normal shipment, market supply circulation is more abundant. The early quotation of the holder focused on the flat water of the contract of the current month to about 10 yuan / ton, but the willingness of the market to receive the goods was not boosted, entering the second trading period, the quotation of the holder mostly focused on the increase of 200 yuan to 210 yuan / ton of 08 contract, and the market transaction was slightly improved. More enterprises are mainly engaged in settlement, the willingness to receive goods is not good, and the willingness to receive goods in the market is relatively limited.

Overall, but the market atmosphere to boost Shanghai zinc, Shanghai zinc is expected to have a strong shock within 1908 days, operating range 19900 to 20300. Focus on the impact of the G20 summit on zinc prices.

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