[brief Review of Zinc in SMM period] fundamentals No bright spot Zinc continues interval concussion operation

Published: Jul 3, 2020 16:57

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SMM7 March 3: the daily main 2008 contract of Shanghai zinc opened at 16745 yuan / ton, and the long-short game deadlocked in early trading. The zinc period fluctuated in a narrow range around the daily average line of 16710 yuan / ton, and the amplitude gradually narrowed. Following the empty entry in the afternoon, zinc quickly pulled up 16780 yuan / ton, some funds stopped earnings and left the market, and the end of the zinc market fell back. The final closing price was up 16745 yuan / ton, up 55 yuan / ton, or 0.33%. The trading volume increased by 22535 to 111000 hands. The position decreased by 1327 hands to 86314 hands. Zinc negative period, macro optimism still limit the decline in zinc, but the fundamentals of weak spot transactions, social inventory to maintain a high level of bound zinc increases, it is expected that short-term zinc is difficult to change the range shock pattern.

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