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[brief Review of Zinc in SMM period] Zinc in Shanghai will drop slightly during the day and pay attention to the suppression of Wanjiu pass at night.
Oct 14,2019 17:15CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM10, 14 March:

 

The intraday Shanghai zinc main force 1912 contract opened at 19045 yuan / ton, but failed to make the line, Shanghai zinc pressure steadily downward, the center of gravity downward, Shanghai zinc in 18980 yuan / ton horizontal finishing, afternoon mostly into the empty, Shanghai zinc slightly upward, and then dragged down by the external market decline, closed down 18925 yuan / ton, down 45 yuan / ton, down 0.24%. Trading volume increased by 65426 hands to 199000 hands, position increased by 26528 hands to 179000 hands. Although Shanghai zinc shows two consecutive negative, but below still stands in each road moving average line above, shows the rebound upward has the pressure, in particular the domestic three places social inventory recorded a small increase on Monday, shows the downstream from the National Day replenishment to the smooth consumption, or limits the Shanghai zinc upward pace to a certain extent, pay attention to the lower part of the support based on the moving average can Xu Li again rush to the Wanjiu pass.

 

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