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[brief Review of Zinc in SMM period] during the day, the independent operation of Zinc in Shanghai is expected to be weak at night.
May 25,2020 17:00CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM5 March 25:

During the day, the main 2007 contract of Shanghai zinc opened at 16375 yuan / ton. at the beginning of the day, Shanghai zinc opened low, opened down 16170 yuan / ton, and some bears stopped falling. Shanghai zinc quickly rebounded to the daily average line of 16350 yuan / ton narrow range shock operation, recorded a V shape, entered the European trading period, Shanghai zinc around the daily moving average horizontal concussion, during the period tried to test the 20-day moving average suppression strength, but failed to make it, fell back to 16330 yuan / ton near the narrow range operation. The final close fell to 16330 yuan / ton, down 30 yuan / ton, down 0.18%, trading volume to 145400 lots, position to 938.25 million lots. Day-to-day Shanghai zinc received Xiaoyin line, the overall operation around the 20-day moving average, the upper pressure 5-day average, the pressure is difficult to break through. During the day, Shanghai zinc operated independently, domestic zinc ingot social inventory recorded a decline, providing a certain positive mood for the market, zinc prices recovered a certain decline, Shanghai zinc is expected to still run around the 20-day moving average at night.

 

 

 

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