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[brief Review of Zinc in SMM period] risk appetite propelled the Zinc Station to refresh its recent high on Wanqi.
Jul 8,2020 17:09CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 March 8: the daily main 2008 contract of Shanghai zinc opened at 16765 yuan / ton, and some bears entered the market at the beginning of the session. The daily average of zinc slightly fell back and ran at 16740 yuan / ton. With the continuous fermentation of market optimism, bulls gradually brought in positions, and the center of gravity moved up to around 16790 yuan / ton. In the last half-small period, the total zinc position increased by 4722 yuan, and zinc accelerated breaking position hit 17110 yuan / ton, and finally closed up at 17090 yuan / ton, up 325 yuan / ton. The trading volume increased by 1.94%, the trading volume increased by 32841 to 92074 lots, and the position increased by 3076 lots to 92074 lots. Zinc in the future recorded a long positive pillar breaking and rising, the fundamentals did not exceed expectations, and the overall performance is still weak, but with the support of high macro risk appetite, zinc is expected to rise easily and difficult to fall, and zinc can successfully stand at the seven levels in the evening.

 

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