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[brief Review of Zinc in SMM period] during the period of convergence of optimism, the downward adjustment of zinc fell below the Wanba mark.
Jul 14,2020 16:13CST
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Source:SMM
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SMM7 March 14:

During the day, the main 2009 contract of Shanghai zinc opened at 18180 yuan / ton, and the market risk appetite at the beginning of the session was suppressed, and non-ferrous metals fell rapidly. Lun Zinc reduced its positions and fell to 17920 yuan / ton, and funds were further evacuated in the afternoon. Zinc fell to the bottom of 17790 yuan / ton, and then the V word reversed part of the decline, only touching as high as 18035 yuan / ton was blocked. It closed at 17930 yuan / ton, up 45 yuan / ton, or 0.25%. The trading volume increased by 41961 lots to 170000 lots, and the position increased by 4466 lots to 85301 lots. Zinc closed for a long time on the positive column, rising after ushering in a larger correction, mainly due to the rapid decline in US crude oil brought about by the macro optimism convergence drag, the fundamentals have not changed greatly, the current capital outflow is relatively limited, zinc is expected to continue to run at a high level in the evening, waiting for news guidance.

 

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