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[brief comment on Zinc in SMM] Today, Shanghai Zinc 1907 contract completed delivery night to pay attention to the suppression of the 10-day moving average.
Jul 15,2019 16:48CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7, 15th, news:

Shanghai zinc main 1909 contract opened at 19105 yuan / ton at the beginning of the day, Shanghai zinc opened high and low at the beginning of the day, and the center of gravity went down to 19220 yuan / ton, and then Xu Li returned to try to detect the suppression of the 10-day EMA, but failed to do so. The center of gravity fell back to 19240 yuan / ton, closing up 19220 yuan / ton, up 145 yuan / ton, an increase of 0.76%, 74680 hands to 404000 hands and 1056 hands to 264000 hands. During the day, Shanghai zinc stopped falling and turned red, below the 5-day moving average, KDJ index turned upward, indicating that Shanghai zinc action can be more sufficient, macro mood dissipated under Shanghai zinc return to its own basic logic operation, Shanghai, Guangdong and Tianjin social inventory recorded a small decline in the day, giving Shanghai zinc a certain amount of action energy, night Shanghai zinc or still running near the 10-day moving average.

Today, Shanghai zinc 1907 contract delivery, intraday around the daily average around 19200 yuan / ton, followed by short positions down 18220 yuan / ton. The final closing fell by 19000 yuan per ton, or 95 yuan per ton, or 0.5 per cent. Today's settlement price is 19180 yuan / ton, and the delivery volume is 28375 tons.

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