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[brief Review of Zinc in SMM period] fundamentals are still short of Shanghai Zinc to close the negative and give up the increase.
Jul 1,2020 16:43CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 March 1: the daily main 2008 contract of Shanghai zinc opened at 16730 yuan / ton, promoted by long buying at the beginning of the day, the center of gravity of Shanghai zinc operation moved up to 16760 yuan / ton near the pressurized daily average, the high hit 16790 yuan / ton, and then short positions poured in, zinc concussion dropped, sinking to around 16700 yuan / ton for finishing operation, closing down at 16685 yuan / ton, down 120 yuan / ton, down 0.71%, and the trading volume decreased by 5777 to 131000 hands. Position increased by 380 hands to 91859 hands. Shanghai zinc received a negative column to give up almost all the increases yesterday, the mine end supply gradually relaxed, processing fees increased, while the smelting end incremental put in, the supply side of zinc price support is insufficient, while consumption has not improved greatly, the overall zinc fundamentals are still empty, it is expected that zinc will be weak finishing and operation in the evening.

 

 

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