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[brief Review of Zinc in SMM period] the rise of Zinc shock in Shanghai during the day is slightly supported by the reduction of inventory.
Oct 28,2019 17:14CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM10, 28 March:

 

The 1912 contract of the main force of Shanghai zinc opened at 19005 yuan / ton at the beginning of the day, and how flat it was at the beginning of the day. Shanghai zinc briefly fell 18935 yuan / ton, just as the support strength of the 10-day moving average line appeared. The center of gravity of Shanghai zinc operation moved up to 19070 yuan / ton, and the operating range did not exceed 40 yuan / ton. during this period, Shanghai zinc several attempts to test Brin Road on the track suppression efforts have failed to line, tail slightly upward, closed up 19110 yuan / ton, up 315 yuan / ton from the previous trading. Up 1.68%, trading volume increased by 132000 hands to 492000 hands, position decreased by 16874 hands to 198000 hands. Within the day, Shanghai zinc received the Dayang line, with a short upper film line to stab Brin Road on the track, the trend of the outer plate is relatively strong, short did not have sufficient confidence, stacked within the day of the three places recorded a decline in social inventory, mainly short positions during the day. Pay attention to the suppression of Brin Road at night.

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