[SMM Zinc Morning News] overnight Zinc closed up in Shanghai, Zinc fell slightly outside, strong inside and weak pattern appeared.

Published: Oct 25, 2019 09:01

SMM, 25 Oct:

Overnight zinc opened at $2471.5 / ton, at the beginning of the day to extend the daily moving average steadily upward, into European trading hours, more into the level, Lun zinc rose rapidly, pulling up the center of gravity to around $2495 / ton, the end of the day continued the concussion trend, closed up at $2497 / ton, up $24 / ton, up 0.97%, trading volume to 8378 hands, position increased by 2629 hands to 226000 hands. Overnight Lunlun zinc received two Lianyang, the lower by the joint support of the moving averages, the upper pressure on Brin Road on the track, indicating that Lun zinc upward sinking energy is limited, LME zinc stocks after falling to a 20-year low recorded a decline of 600tons, or give Lun zinc a little upward momentum, it is expected that Geneva zinc or slightly upward, operating range of 24602510 U. S. dollars / ton. The LME zinc 0-3 liter discount was $36 a tonne yesterday.

The overnight Shanghai zinc main force 1912 contract high jump opened at 18910 yuan / ton, rose at the beginning of the session and touched the high 18990 yuan / ton, but the suppression of the upper Wanjiu pass was stronger, Shanghai zinc pressure fell, during the period of many attempts to break through the above daily average suppression strength, but failed, the overall operation in the 18890 yuan / ton first line, the end of the market down slightly, the final closing price of 18860 yuan / ton, down 20 yuan / ton, down 0.11%, trading volume to 123000 hands, and the overall operation of the first line of 18890 yuan / ton, down slightly downward, closed down 18860 yuan / ton, down 20 yuan / ton, down 0.11%, trading volume to 123000 hands. Positions increased by 508 to 199000. Overnight Shanghai zinc close Yin, below by Brin Road middle rail support, above by Wanjiu pass suppression, KDJ index trend is slow, superimposed into October spot consumption weakening and inventory is still at a low level, in the lack of further macro guidance, Shanghai zinc within the day or partial interval arrangement, operating range of 18600-19100 yuan / ton. Today, domestic Shuangyan Zinc rose 80-110 yuan / ton to the 11 contract.

"Click to sign up for the 2019 China Zinc oxide Industry chain Trading Summit"

Scan QR code and apply to join SMM metal exchange group, please indicate company + name + main business

 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
LME Zinc Surge Drives SHFE Zinc Rise [SMM Zinc Morning Comment]
19 mins ago
LME Zinc Surge Drives SHFE Zinc Rise [SMM Zinc Morning Comment]
Read More
LME Zinc Surge Drives SHFE Zinc Rise [SMM Zinc Morning Comment]
LME Zinc Surge Drives SHFE Zinc Rise [SMM Zinc Morning Comment]
[SMM Zinc Morning Comment] Last Friday, the most-traded SHFE zinc 2608 contract opened at 24,400 yuan/mt. At the beginning of the session, it briefly dipped to a low of 24,340 yuan/mt. Subsequently, bulls added positions, and the contract drifted higher, hitting a high of 24,495 yuan/mt at the end of the session. It finally closed up at 24,470 yuan/mt, up 175 yuan/mt, or 0.72%. Trading volume decreased to 45,864 lots, while open interest increased by 494 lots to 90,804 lots.
19 mins ago
Rate hike expectations pull back, supporting the upward shift of LME zinc's center [SMM Morning Meeting Summary]
21 mins ago
Rate hike expectations pull back, supporting the upward shift of LME zinc's center [SMM Morning Meeting Summary]
Read More
Rate hike expectations pull back, supporting the upward shift of LME zinc's center [SMM Morning Meeting Summary]
Rate hike expectations pull back, supporting the upward shift of LME zinc's center [SMM Morning Meeting Summary]
[SMM Morning Meeting Summary: Pullback in Rate Hike Expectations Supports LME Zinc Center Uptick] Last Friday, LME zinc opened at $3,471/mt, which marked the intraday low. Subsequently, bulls added to positions, and LME zinc climbed steadily, hitting a high of $3,549/mt near the end of the session. It finally closed up at $3,548/mt, up $75.5/mt, a gain of 2.17%. Trading volume dipped to 9,993 lots, while open interest increased by 2,517 lots to 271,000 lots.
21 mins ago
Northwest China Zinc Smelter to Undergo 10-Day Maintenance in July
Jul 3, 2026 17:47
Northwest China Zinc Smelter to Undergo 10-Day Maintenance in July
Read More
Northwest China Zinc Smelter to Undergo 10-Day Maintenance in July
Northwest China Zinc Smelter to Undergo 10-Day Maintenance in July
According to SMM, a zinc smelter in northwest China will undergo routine maintenance for 10 days in July, with an estimated impact of around 1,000 mt.
Jul 3, 2026 17:47