SMM4, March 2:
Intraday Shanghai zinc main force 2006 contract opened at 15080 yuan / ton, early in the day Shanghai zinc warehouse down 14895 yuan / ton, and then quickly repair backfill all fell to 15090 yuan / ton near finishing operation. In the afternoon, the market buying strength greatly increased, Shanghai zinc warehouse upward stepped strong, the center of gravity directly lifted to 15370 yuan / ton near. The final close was 15370 yuan / ton, up 270 yuan / ton, or 1.79%. The trading volume increased by 47880 hands to 100000 hands, and the position increased by 7327 hands to 77741 hands. The 20-day moving average is pierced on one of the major balconies of Shanghai and zinc, and the short moving average turns upwards to show that the current market is optimistic. Under the condition of limited shipping, the absence of short-term imported mines has led to a shortage of domestic mineral supply and demand. Domestic demand has steadily recovered, although external demand is risky but less urgent than the supply side, zinc can remain moderately optimistic in the short term.
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