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[SMM Zinc Morning News] overseas good luck drives Lun Zinc to collect Yang
Apr 7,2020 09:21CST
translation
Source:SMM
Overnight, Lun Zinc opened at US $1881 / ton, and at the beginning of the day, Lun Zinc rose to a narrow range above the daily average. entering European trading hours, Lun Zinc returned to weakness. After falling twice, it fell US $1867 / ton, found support on the 10th line, entered night trading, and was driven by overseas stock indexes. Lun Zinc gave up its decline, rising above the daily average line to touch US $1907 / ton, and at the end of the day, it closed up at US $1898 / ton, up US $16 / ton. Up 0.85 per cent, trading volume fell to 4630 and positions fell 427 to 225474.
The content below was translated by Tencent automatically for reference.

SMM, April 7-

Overnight, G20 energy ministers will hold an emergency meeting on Friday; OPEC + invites seven additional countries to attend Thursday's emergency meeting; the European Union is considering allowing member states to help businesses through capital injections; British Prime Minister Johnson's condition has worsened and has been transferred to the German chancellor of ICU;: the European Union faces its worst crisis since its inception; more than 50 people have tested Fuyang in South Korea; and Li Keqiang: further prevent cross-border imports of land border outbreaks. Overnight, Lun Zinc opened at US $1881 / ton, and at the beginning of the day, Lun Zinc rose to a narrow range above the daily average. entering European trading hours, Lun Zinc returned to weakness. After falling twice, it fell US $1867 / ton, found support on the 10th line, entered night trading, and was driven by overseas stock indexes. Lun Zinc gave up its decline, rising above the daily average line to touch US $1907 / ton, and at the end of the day, it closed up at US $1898 / ton, up US $16 / ton. Up 0.85 per cent, trading volume fell to 4630 and positions fell 427 to 225474. Overnight zinc recorded a small positive line, the upper pressure Brin Road middle rail, the lower support 5 / 10 line. Boosted by the good news of crude oil, superimposed overseas epidemic spread of good, Lun Zinc slightly upward, but the epidemic has not yet seen a clear inflection point, weak global demand will limit its upward, it is expected that the space above the zinc price is limited, and the price is expected to operate in the range of $1860,1910 / ton. It is expected that the contract price of Shanghai zinc 2006 will run in the range of 15100-15600 yuan / ton, and the domestic Shuangyan zinc will increase the contract by 40-70 yuan / ton in April.

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