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[brief Review of SMM Zinc] the fundamentals promote the moderate optimism of zinc in the future.
Apr 13,2020 16:43CST
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Source:SMM
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SMM4, 13 March:

LME is closed for the day.

Within the day, the Shanghai zinc main force 2006 contract opened at 15660 yuan / ton, mainly into the empty, Shanghai zinc shock upward touch high 15805 yuan / ton, then part of the long flat warehouse left the market, Shanghai zinc fell back at the end of the day, closed up 15735 yuan / ton, up 75 yuan / ton, up 0.48%, trading volume decreased 17275 hands to 71387 hands, position volume increased 1321 hands to 88808 hands. Shanghai zinc operation center of gravity has moved up again, short moving average upward has a long trend, the current inventory continues to decline, at the same time, the rapid reduction of mine processing fees to verify the mine end shortage expectations, zinc basic face profit more support has been strengthened, can maintain moderate optimism for zinc, but need to be vigilant tomorrow LME return to the market.

 

 

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