Home / Metal News / Zinc / [brief Review of Zinc in SMM period] fundamentals No bright spot Zinc continues interval concussion operation
[brief Review of Zinc in SMM period] fundamentals No bright spot Zinc continues interval concussion operation
Jul 3,2020 16:57CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

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.

 

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

 

Zinc brief review
daily review

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn