[brief comment on Zinc in SMM period] the zinc harvest in Shanghai may be supported or limited at night.

SMM7 26 June news:

The main 1909 contract of Shanghai zinc opened at 19160 yuan / ton at the beginning of the day, and reached 19215 yuan / ton at the beginning of the day, then fell back after a narrow concussion of 19200 yuan / ton, and was boosted by the external market in the afternoon. Short position reduction, Shanghai zinc operation center of gravity moved up to above the daily average, closed down 19250 yuan / ton, down 50 yuan / ton, down 0.26%, trading volume increased 38748 hands to 306000 hands, position reduced 2224 hands to 263000 hands. Within the day, Shanghai zinc harvest cross star, the overall jump off the middle track operation, the spot market near the end of the month traders trading light, downstream consumption is still weak, failed to give some support to zinc prices, superimposed this week domestic refineries arrival is still less, the follow-up market is still strong expectations for cumulative storage, Shanghai zinc support or more limited, pay attention to the upper Bolindao middle rail suppression efforts at night.