[brief Review of Zinc in SMM] the trend of Zinc in the period is on the strong side, all the moving averages on the Geneva station

Published: Apr 29, 2020 16:57

SMM4, 29th:

Intraday Shanghai zinc main force 2006 contract opened at 16245 yuan / ton, long short alternately increase positions, the game showed a slight stalemate, Shanghai zinc operation center of gravity further lifted to 16280 yuan / ton narrow range arrangement, up and down space less than 50 yuan / ton, near the close, long warehouse entry, Shanghai zinc quickly rose to a recent two-month high to 16415 yuan / ton, part of the single rapid stop profit, Shanghai zinc tail fell back. At the end of the day, it closed up at 16365 yuan / ton, up 240 yuan / ton, or 1.49%. Trading volume increased by 16068 hands to 100000 hands, and positions increased by 844 hands to 85904 hands. Shanghai zinc station on all averages, operation is relatively strong, recent funds actively to the far month layout, July contract daily position more than 10,000 hands, it is expected that tomorrow Shanghai zinc will complete the main force for the month, at the same time June / August difference rapidly expanded to 200 yuan / ton, the mining end story continues to ferment, the impact has spread to the smelting end, under the catalysis of the supply side story, the market interest is higher, it is expected that the strong trend of zinc will continue.

 

 

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