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[brief Review of Zinc in SMM] fundamentals good release Zinc is still expected to be optimistic
Apr 27,2020 16:51CST
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Source:SMM
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SMM4, 27 March:

Within the day, the Shanghai zinc main force 2006 contract opened at 15900 yuan / ton, the market optimism spread at the beginning of the day, Shanghai zinc more into the blank quickly pulled up, in the vicinity of 16140 yuan / ton slightly up again touch high 16235 yuan / ton, then part of the long lock profit exit, Shanghai zinc down to give up the rise, short end of the market left low, Shanghai zinc rebounded slightly. The final price rose to 16090 yuan / ton, up 265 yuan / ton, or 1.67%. The trading volume increased by 25963 hands to 123000 hands, and the position decreased by 2103 hands to 87518 hands. Shanghai zinc closed a long shadow positive column breakdown 60-day moving average, the performance is quite strong, the current mine tightening superimposed social inventory continued to decline double good support, Yunnan introduced commercial storage news to further boost market sentiment, short-term zinc benefit is expected to continue, zinc is still expected to have optimistic performance.

 

 

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