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[brief Review of SMM Zinc] the main force of Shanghai Zinc easily breaks through the Wanba pass by changing the month.
Jul 13,2020 17:14CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 March 13:

During the day, Shanghai zinc completed the main change of the month, and the 2008 contract of Shanghai zinc opened at 17915 yuan / ton. at the beginning of the session, it was temporarily arranged around 17940 yuan / ton. it was driven by short positions in the afternoon, and zinc was expected to break through the Wanba pass to press and touch a high of 18195 yuan / ton. at the end of the day, the long end of the market stopped earnings and left the market, and zinc gave up some of its gains. The final closing price rose to 18040 yuan / ton, up 430 yuan / ton, or 2.44%. The trading volume increased by 21028 to 255000 lots, while the position decreased by 7425 to 77819 lots.

The main 2009 contract of Shanghai Zinc opened at 17865 yuan / ton, and the positions were increased alternately at the beginning of the session. Zinc first suppressed and then rose around 17900 yuan / ton. In the afternoon, bulls gradually poured in with positions. Zinc easily broke the Wanba pass and reached a high of 18135 yuan / ton. Relatively high part of the funds stopped earnings and left the market. The final closing price of zinc was up 17965 yuan / ton, up 425 yuan / ton, or 2.42%. Trading volume increased by 26557 to 128000, and positions increased by 4124 to 80835, with the final closing price rising to 17965 yuan / ton, up 425 yuan / ton, or 2.42%, trading volume increased by 26557 to 128000, and positions increased by 4124 to 80835. Zinc futures successfully fill the gap in the early stage, the operation is extremely strong, stock market commodities are very good, driven by risk appetite, zinc is easy to rise and difficult to fall in the expected period.

 

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