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[brief Review of Zinc in SMM period] downward Adjustment of Zinc harvesting during short influx period
May 11,2020 16:04CST
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Source:SMM
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SMM5, 11th May:

Intraday Shanghai zinc main force 2007 contract opened at 16905 yuan / ton, at the beginning of the market long position by short pressure, Shanghai zinc pull up slowly down to the daily average line 16880 yuan / ton near the narrow range finishing operation. In the afternoon, Shanghai zinc fell again to hit a low of 16815 yuan / ton, closing down 16830 yuan / ton, down 110 yuan / ton, down 0.65%, trading volume decreased by 34373 hands, position increased by 5813 hands to 123000 hands. Shanghai zinc suspended the rise to adjust, received a small negative column, but the accumulation of zinc social inventory is not obvious, highlight consumption toughness, superimposed supply-end story support, within the day zinc June-August difference widened again, the expected zinc adjustment range is limited.

 

 

 

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