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[brief Review of Zinc in SMM] Zinc turning Green during short selling period
Apr 8,2020 16:24CST
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Source:SMM
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SMM4, 8 March:

Intraday Shanghai zinc main force 2006 contract opened at 15710 yuan / ton, at the beginning of the day, short positions poured in, Shanghai zinc slowly moved down to 15650 yuan / ton, part of the buying capital inflow in the afternoon, Shanghai zinc up to repair the intraday decline, but further pulled up the lack of confidence in the market, Shanghai zinc empty level turned into a decline, closing down 15650 yuan / ton, down 165 yuan / ton, down 1.04%, trading volume increased by 2118 hands to 64829 hands. Positions increased by 2524 to 83054. Shanghai zinc is negative, the market is willing to sell short on a high, the main reason is that consumption is bleak, but in the short term, the supply-side story has not completely disappeared, and the decline in zinc is expected to be limited.

 

 

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