[brief review of zinc in SMM period] the upward pressure of zinc in the period may be adjusted downwards at night.

Published: May 20, 2020 16:38

SMM5 March 20:

During the day, the main 2007 contract of Shanghai zinc opened at 16795 yuan / ton, and there was a multi-short game stalemate at the beginning of the session. Zinc was arranged and operated around the daily average line of 16820 yuan / ton, and then the positions were reduced alternately, and zinc recorded a V down of 16725 yuan / ton. The hindered daily average fell slowly again. The final closing price was 16750 yuan / ton, the trading volume decreased by 31813 to 110000 lots, and the position decreased by 2185 lots to 114000 lots. There is no new story about zinc fundamentals, and the weak operation of zinc may be adjusted downwards again in the evening, because of the long shadow and small negative column of zinc, the action is obviously insufficient, there is no new story about zinc fundamentals, and the operation of zinc is weak at night.

 

 

 

Scan the QR code and apply to join the SMM metal exchange group. Please indicate the company + name + main business.

 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
SHFE Zinc Posted a Five-Day Winning Streak, with Its Center Edging Up Slightly [SMM Zinc Morning Comment]
2 hours ago
SHFE Zinc Posted a Five-Day Winning Streak, with Its Center Edging Up Slightly [SMM Zinc Morning Comment]
Read More
SHFE Zinc Posted a Five-Day Winning Streak, with Its Center Edging Up Slightly [SMM Zinc Morning Comment]
SHFE Zinc Posted a Five-Day Winning Streak, with Its Center Edging Up Slightly [SMM Zinc Morning Comment]
[SMM Zinc Morning Comment] Last Friday, SHFE zinc recorded a five-day winning streak, with support provided by the 5-day and 10-day daily average lines below. In April, routine maintenance at smelters increased, and inventory continued destocking, while zinc fundamentals improved......
2 hours ago
Zinc Fundamentals Improved, but Weak Macro Sentiment Limited Its Upside [SMM Morning Meeting Summary]
2 hours ago
Zinc Fundamentals Improved, but Weak Macro Sentiment Limited Its Upside [SMM Morning Meeting Summary]
Read More
Zinc Fundamentals Improved, but Weak Macro Sentiment Limited Its Upside [SMM Morning Meeting Summary]
Zinc Fundamentals Improved, but Weak Macro Sentiment Limited Its Upside [SMM Morning Meeting Summary]
[SMM Morning Meeting Summary: Zinc Fundamentals Improved Slightly, but Weak Macro Sentiment Limited Its Gains] Last Friday, LME zinc posted a small bullish candlestick, with the 10-day moving average above acting as resistance. Although the risk of an escalation in the geopolitical conflict in the Middle East remained last Friday and macro sentiment was weak, concerns over mine-side energy supply arising from such an escalation also increased......
2 hours ago
Bullish and Bearish Factors Intertwined as SHFE and LME Zinc Prices Rose [SMM Market Review - Weekly Price Review]
Mar 27, 2026 15:59
Bullish and Bearish Factors Intertwined as SHFE and LME Zinc Prices Rose [SMM Market Review - Weekly Price Review]
Read More
Bullish and Bearish Factors Intertwined as SHFE and LME Zinc Prices Rose [SMM Market Review - Weekly Price Review]
Bullish and Bearish Factors Intertwined as SHFE and LME Zinc Prices Rose [SMM Market Review - Weekly Price Review]
[Mixed Bullish and Bearish Factors in the Market, SHFE and LME Zinc Prices Rose] At the beginning of the week, LME zinc continued last week's downward fluctuation trend; subsequently, the US dollar index dropped back slightly from its highs, and LME zinc rose; however, the ongoing escalation of the Middle East conflict, coupled with the renewed strength of the US dollar index, constrained the upside room for zinc prices, and the center of LME zinc gradually pulled back......
Mar 27, 2026 15:59
[brief review of zinc in SMM period] the upward pressure of zinc in the period may be adjusted downwards at night. - Shanghai Metals Market (SMM)