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[brief Review of Zinc in SMM period] Macro-crackdown on the weak operation of zinc during the departure period of funds
Jul 16,2020 16:57CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 May 16 News: the main 2009 contract of Shanghai zinc opened at 17750 yuan / ton, and zinc was temporarily arranged at the beginning of the day, running at the bottom of the daily moving average near the opening price. In the afternoon, the stock market trend was bleak, and the risk aversion mood warmed up. The bulls gradually fled, and the zinc concussion weakened and hit a bottom of 17555 yuan / ton. After trying to correct it, the daily moving average fell back again, and some bears left the market at the end of the day. Zinc went high recorded a W form. The final close fell 17675 yuan / ton, down 195 yuan / ton, down 1.09%. Trading volume increased by 46407 lots to 147000 lots, and positions decreased by 4698 lots to 82926 lots. Zinc in the future received a big positive pillar falling back with a long shadow line, the stock market commodities are in a comprehensive correction, and the zinc decline is relatively limited. The current spot market demand and the limited growth rate expected in the week of social inventory constitute a certain support, but the relationship between big countries is not optimistic to disturb the market sentiment. Zinc or weak shock operation in the evening.

 

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