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[brief comment on Zinc in SMM period] during the day, the weak zinc finishing in Shanghai observed the support strength of the lower track of Brin Road at night.
Jul 2,2019 17:23CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

News from SMM7 on the 2nd of June:

The main 1908 contract of Shanghai zinc opened at 19640 yuan / ton at the beginning of the day. At the beginning of the day, the main contract of Shanghai zinc opened high and low, and the short entry dragged down Shanghai zinc. The center of gravity fell to 19580 yuan / ton, and the pressure in Shanghai fell again in the afternoon. The downward probe was 19525 yuan / ton. After entering the European trading period, with the short position neatly leaving the market, Shanghai zinc rose to 19630 yuan / ton. The first line finishing operation, closed down to 19615 yuan / ton, down 2445 yuan / ton from the previous transaction, down 1.23%. Trading volume was reduced by 17064 hands to 370000 hands, and positions by 10634 hands to 238000 hands. During the day, the zinc in Shanghai closed negative, supported by the underline, and jumped off all the EMA as a whole. The final value of PMI announced by the major economies in the world within the day showed that the downside risk of the world economy intensified. Under the pessimistic macro mood, Shanghai zinc returned to its own basic operation, and the subsequent back-up kinetic energy still needs to be considered. Observe the support strength of the lower track of Brin Road at night.

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