Home / Metal News / Zinc / [SMM Zinc Morning News] from overseas, Hauren Zinc closed up.
[SMM Zinc Morning News] from overseas, Hauren Zinc closed up.
Apr 1,2020 08:52CST
translation
Source:SMM
Overnight, Lun Zinc opened at US $1872 / ton, and at the beginning of the day, Lun Zinc fluctuated and fell, running below the daily average line, probing down US $1864 / ton, entering European trading hours, and then falling back after being expected by the United States to put forward a 2 trillion infrastructure plan. Lun Zinc quickly rose, touching US $1925 / ton, and at the end of the day, it closed up US $1906.5 / ton, up US $42.50 / ton, or 2.28%. Trading volume increased to 8223 hands, position decreased by 723 hands to 224335 hands.
The content below was translated by Tencent automatically for reference.

SMM, April 1-

Overnight, API crude oil stocks in the United States surged 10.5 million barrels last week; Trump called for a $2 trillion infrastructure bill; the Federal Reserve announced an interim buyback agreement arrangement with foreign central banks; Saudi officials said they were interested in armistice talks with the Houthi forces in Yemen; Iraq will increase crude oil production and exports from April; the "new debt king" Gonrak said the US stock market will fall below the low hit in March; G20 finance ministers agreed on a roadmap for implementing G20 leaders' commitments to deal with the epidemic. Overnight, Lun Zinc opened at US $1872 / ton, and at the beginning of the day, Lun Zinc fluctuated and fell, running below the daily average line, probing down US $1864 / ton, entering European trading hours, and then falling back after being expected by the United States to put forward a 2 trillion infrastructure plan. Lun Zinc quickly rose, touching US $1925 / ton, and at the end of the day, it closed up US $1906.5 / ton, up US $42.50 / ton, or 2.28%. Trading volume increased to 8223 hands, position decreased by 723 hands to 224335 hands. Overnight zinc recorded a big positive line, the top pressure 20 moving average, the bottom support 5-day line. In recent days, with frequent gains to boost zinc prices, Trump has overnight called for a $2 trillion infrastructure investment plan, a move that has given a big boost to zinc prices, but there are still uncertainties; domestic tax reform expectations have led traders to hoard goods and boost spot sales, but are less willing to pick up downstream, with prices expected to run in the $1870,920 / tonne range. It is expected that the Shanghai zinc 2005 contract price will run in the range of 14900-15400 yuan / ton, and the domestic Shuangyan zinc contract will increase the water by 60-90 yuan / ton in April.

"Click to sign up for SMM" 2020 (15th) lead and Zinc Summit

Scan the QR code to sign up for the lead and zinc summit and fill in the personal information at the end of the page, and the conference staff will contact you later!

Zinc Morning Review
Morning News

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn