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[brief Review of Zinc in SMM period] bullish buying dominated by Zinc in Shanghai recorded a New High since March
May 6,2020 16:27CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM5, June 6:

Within the day, the Shanghai zinc main force 2007 contract was opened at 16225 yuan / ton, and part of the capital test was lower by 16225 yuan / ton at the beginning of the day. Then a large number of bulls bought into the market, and Shanghai zinc quickly jumped to 16450 yuan / ton. In the afternoon, the bulls came in again, and Shanghai zinc went up again. After recording a high value of 16515 yuan / ton since March, some of the funds stopped leaving the market. Shanghai zinc recorded a V fall, with differences in 16400 yuan / ton, and finally closed up at 16385 yuan / ton. Up 65 yuan / ton, up 0.4%, trading volume increased by 5848 hands to 56524 hands, position increased by 10357 hands to 98208 hands. Shanghai zinc collection of a long film big balcony, long buying strength is relatively strong, after the festival domestic accumulation range is limited, superimposed overseas gradually restart the economy, foreign demand or will usher in an inflection point, but also need to be vigilant at the same time the mine production restart, the expected angle is mixed, zinc is expected to be weak in the evening finishing.

 

 

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