SMM5, 14 March:
Intraday Shanghai zinc main force 2007 contract opened at 16630 yuan / ton, at the beginning of the day, driven by the long reduction, Shanghai zinc quickly fell back to 16325 yuan / ton, and then most of the V-word reverse backfilling day fell to 16420 yuan / ton near narrow fluctuations, long-short game fell into a stalemate, closed down 16430 yuan / ton, down 1.11%, trading volume reduced 24074 hands to 118000 hands, position volume reduced 6162 hands to 115000 hands. Period zinc recorded 4 consecutive negative, funds to leave the market, the current domestic fundamentals, the supply side story has not been further intensified, social inventory is also in a relatively abundant level, there is no new story to boost, it is expected that zinc will continue to adjust downwards, looking at the 40-day moving average support strength in the evening.
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