[brief Review of Zinc in SMM period] Zinc horizontal plate finishing during intra-day delivery

Published: Jul 15, 2020 17:05 (GMT+8)

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SMM7 March 15: daily Shanghai zinc main 2009 contract opened at 17950 yuan / ton, intraday long-short game stalemate, zinc around the daily moving average around 17880 yuan / ton, high hit 17995 yuan / ton, finally closed down 17855 yuan / ton, down 225yuan / ton, down 1.24%, trading volume decreased 10303 to 45035, position increased 878 to 87624. Zinc received a small cross star, the center of gravity moved down and touched the 5th line support, slightly weak, and the high zinc price restrained downstream consumption, but the sharp increase in smelter output from the previous month has yet to hit the ground for inventory growth, suppressing market shorting force, and the outer disk of the European period is strongly pulled up, which may lead to a small upward revision of zinc in the evening. Intra-day delivery of Shanghai Zinc 2007 contract, opened at 18000 yuan / ton, closed down 17930 yuan / ton, down 100 yuan / ton, down 0.55%, trading volume decreased 700,000 lots to 355lots, position reduced 110lots to 4535 lots, a total delivery volume of 22675 tons, the settlement price of 17915 yuan / ton.

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