[brief Review of SMM Zinc] brushing the recent new high of late-evening zinc or adjusting its potential

Published: Jul 10, 2020 17:10 (GMT+8)

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SMM7 March 10: within the day, the main 2008 contract of Shanghai zinc opened at 17540 yuan / ton, and the positions increased sharply at the beginning of the session. Zinc futures rose in a straight line to a narrow range of fluctuations around 17700 yuan / ton, further breaking the weakness, some funds stopped earnings and left the market, and zinc concussion fell and vomited most of the gains in the day, and finally closed up at 17555 yuan / ton, up 150 yuan / ton, or 0.86%. The trading volume decreased by 28814 to 234000, and the position decreased by 7424 to 85244. Zinc in the period once again refreshes the recent high, with the continuous fermentation of the epidemic, the possible supply-side impact of market trading, with the market sentiment returning to rationality, zinc in the period is insufficient to break kinetic energy after rising continuously, and the momentum may be adjusted slightly at night.

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