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[brief Review of Zinc in SMM period] low shock of Zinc in Shanghai during the Day and pay attention to Brin Road Lower Rail support at Night
Oct 25,2019 18:13CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM10, 25th:

 

Intraday Shanghai zinc main force 1912 contract opened at 18910 yuan / ton, Shanghai zinc fell sharply to 18705 yuan / ton at the beginning of the day, and then showed a steady downward trend. Under the support of 18500 yuan / ton integer level below, Shanghai zinc stopped falling and rebounded. Slightly uplink to 18745 yuan / ton shock operation, the tail fell again and probed down to 18655 yuan / ton, closing down 18675 yuan / ton, down 180 yuan / ton, down 0.95%, trading volume increased 155000 to 359000 hands, Positions increased by 16390 to 214000. Within the day, Shanghai zinc received the Dayin line, supported by the lower 18500 yuan / ton integer gate. Today, the social inventory of the three places recorded a small increase and the US index stabilized to make the zinc price under pressure. During the day, the bears came into the market one after another to suppress the zinc price. However, under the drive of the outer plate and the macro warming, the falling space of Shanghai zinc is limited, short-term or partial shock arrangement, and pay attention to the support strength of Brin Road off the track at night.

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