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

Published: Jul 10, 2020 17:10

Save

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.

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

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

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

Related News

1 hour ago

Chungnam National University Researchers Develop Zinc Batteries with Enhanced Stability

Researchers at Chungnam National University have developed next-generation zinc batteries using artificial polymer nanolayers to significantly improve stability. This novel protective coating helps prevent dendrite formation and reduces unwanted side reactions, enhancing the overall reliability and practicality of zinc-ion batteries. Aqueous zinc-ion batteries (ZIBs) are increasingly being recognized as a safer and more cost-effective alternative to lithium-ion batteries (LIBs). Although LIBs remain the dominant energy storage solution, they pose safety concerns due to their use of flammable organic electrolytes. In comparison, aqueous ZIBs rely on water-based electrolytes, making them non-flammable, more environmentally friendly, and cheaper.

1 hour ago

4 hours ago

Improved Macro Sentiment Lifted the Center of SHFE Zinc in Line With LME Zinc [SMM Zinc Morning Comment]

[SMM Zinc Morning Comment] Overnight, SHFE zinc posted a small bullish candlestick, with the center of the daily candlestick moving higher again, while the middle band of the Bollinger Bands formed resistance above. Overnight, amid expectations that the geopolitical conflict may come to an end, China followed outside China with its center moving higher, but judging from current spot cargo transactions, as zinc prices rose, downstream pricing activity weakened, coupled with......

4 hours ago

LME Zinc Posted a Four-Day Winning Streak, Focus on Trump's Speech Today [SMM Morning Meeting Summary]

[SMM Morning Meeting Summary: LME Zinc Posted a Four-Day Winning Streak; Focus on Trump's Speech Today] Overnight, LME zinc posted a four-day winning streak, with the center of the daily candlestick moving higher. Trump released a TACO signal, expectations for an end to the geopolitical conflict in the Middle East increased, the US dollar index fell, nonferrous metals saw bargain hunting, zinc inventory remained at low levels, and bears' exit provided support, driving zinc prices all the way up. Focus on......

4 hours ago