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[brief Review of Zinc in SMM period] Zinc volume fell during the period of lack of fundamentals and new stories.
May 21,2020 15:54CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM5 March 21:

During the day, the main 2007 contract of Shanghai zinc opened at 16735 yuan / ton, and the long-short game was still deadlocked at the beginning of the session. Shanghai zinc fluctuated in a narrow range around 16700 yuan / ton, the upper and lower amplitude was less than 50 yuan / ton, and the bulls gradually reduced their positions and left the market in the afternoon. Zinc volume fell by 16405 yuan / ton, and some short sellers left the market at the end of the day. Zinc slightly repaired, closing down 16495 yuan / ton, down 255yuan / ton, down 1.52%, and trading volume increased by 95770 to 206000 hands. The position decreased by 7882 hands to 106000 hands. Zinc futures received a big negative column, funds moved positions far away, Back expanded rapidly, after the supply-side story came to an end, zinc fundamentals lack of new stories, coupled with the weak performance of the spot side, it is expected that zinc still needs to be slightly adjusted downwards. no, no.

 

 

 

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