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[brief Review of Zinc in SMM] Zinc can remain optimistic in the main period of short departure
Apr 20,2020 16:50CST
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Source:SMM
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SMM4, 20 March:

Intraday Shanghai zinc main force 2006 contract opened at 16140 yuan / ton, part of the long departure at the beginning of the session, Shanghai zinc straight line fell to the bottom of 15975 yuan / ton, then the empty more into the leading, Shanghai zinc shock upward backfill all the decline, once high 16240 yuan / ton, upward pressure, Shanghai zinc tail down. The final close was 16130 yuan / ton, with a transaction volume of 14673 to 86910 and a position of 2648 to 95930. Shanghai zinc received a cross star, mainly short departure, SMM statistical results show that the weekend social inventory continues to decline, to a certain extent, it can be understood that the ingot end supply and demand relationship is not as bad as expected, while the overseas mining end due to the epidemic shutdown story has not yet ended, on the whole, zinc can still remain optimistic.

 

 

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