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[brief Review of SMM Zinc] Zinc may still have upper action energy during the stalemate period of long-short game.
May 7,2020 15:32CST
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Source:SMM
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SMM5, July 7:

Intraday Shanghai zinc main force 2007 contract opened at 16605 yuan / ton, intraday long-short game stalemate, Shanghai zinc around the daily average line near 16590 yuan / ton narrow fluctuation, up and down amplitude less than 50 yuan / ton, afternoon two night session highs ended in failure, closed up 16615 yuan / ton, up 230 yuan / ton, up 1.4%, trading volume increased 46908 hands to 103000 hands, position increased 8492 hands to 104000 hands. Lun Zinc close short shadow positive column, stand firm all averages, import ore inflow supplement blocked further fermentation, transformed into smelter production pressure, supply side good did not cool down, at the same time, the global economic restart brought good mood, the current zinc bearish risk is greater, zinc is still expected to have upward power.

 

 

 

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