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[brief comment on Zinc in SMM period] during the day, Shanghai zinc interval concussion pays attention to the pressure on the track of Brin Road at night.
Oct 30,2019 17:20CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM10, 30th:

 

Within the day, the Shanghai zinc main force 1912 contract opened at 19085 yuan / ton. At the beginning of the day, the bulls entered the market to boost the Shanghai zinc uplink by 19170 yuan / ton, which coincided with the appearance of the suppression on the Brin Road track. During the period, the Shanghai zinc pressure dropped back to 19080 yuan / ton daily average line, but failed to make a trip. During the European trading period, the Shanghai zinc operation center of gravity rose to 19130 yuan / ton above the daily average line, closing down at 19105 yuan / ton. Down 40 yuan / ton, down 0.21%, trading volume decreased by 73490 hands to 224000 hands, position volume reduced by 10268 hands to 188000 hands, Shanghai zinc received a small negative line within the day, attached to the shadow line stabbed Brin Road on the track, mainly due to weaker spot market consumption and weaker support for zinc prices. The transfer of funds within the day shows that the market has certain expectations for the far month. Pay attention to the suppression of Brin Road at night.

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