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[brief Review of Zinc in SMM period] intra-day transfer of funds in Shanghai and Zinc maintenance interval in Shanghai
Oct 9,2019 16:57CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM10, 9 May:

 

During the day, the Shanghai zinc main force 1911 contract opened at 18720 yuan / ton. At the beginning of the day, the Shanghai zinc main force contract opened at 18720 yuan / ton. At the beginning of the session, the Shanghai zinc upstream was boosted by 18765 yuan / ton, and the upper 10-day moving average was strongly suppressed. The Shanghai zinc pressure fell back to 18700 yuan / ton around the daily average, and the operating range was no more than 20 yuan / ton. near the European trading period, the outer market decline dragged down the Shanghai zinc probe, and Shanghai zinc steadily recovered to 18650 yuan / ton, closing down at 18660 yuan / ton. It fell 45 yuan / ton, or 0.24%. Trading volume increased by 39706 hands to 151000 hands, and positions decreased by 1074 hands to 158000 hands. Within the day Shanghai zinc received two Lianyang, the upper 10, 40 days EMA adhesion suppression strength is strong, the month contract price difference closed to flat, the day capital transfer position far month, 1912 and 2001 contract position cumulative increase of about 10, 000 hands, mostly short, near strong and far weak pattern further strengthened, superimposed spot market tight support zinc price operation, fundamentals temporarily support, pay attention to outer disk guidance at night.

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