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[brief comment on Zinc in SMM period] within days, Shanghai Zinc supports Wanjiu Gate to pay close attention to the 5-day moving average.
Jul 12,2019 17:19CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 12 / 12 / PRNewswire-FirstCall-Asianet /-

Within a day, the main 1909 contract of Shanghai zinc opened at 19060 yuan / ton, Shanghai zinc at the beginning of the day at 19030 yuan / ton first line finishing operation, then empty into more flat, Shanghai zinc frustrated down 18960 yuan / ton to find support, rose to 19030 yuan / ton first line narrow concussion operation, finishing range not more than 30 yuan / ton, closed down to 19045 yuan / ton, down 75 yuan / ton from the previous transaction, down 0.39%, trading volume decreased 41272 hands to 329000 hands. Position increased by 1432 to 263000. During the day, Shanghai zinc recorded two consecutive yin, the overall support in the vicinity of 19000 yuan / ton gate sorting, within the day Shanghai, Guangdong and Tianjin social inventory decreased again, Shanghai zinc may still have some support at Wanjiu pass, pay attention to the 5-day EMA suppression at night.

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