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[brief Review of Zinc in SMM period] Zinc in the period of social inventory reduction first suppressed and then increased.
Jul 17,2020 16:29CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 March 17: daily Shanghai zinc main 2009 contract opened at 17870 yuan / ton, intraday long and short alternately reduced positions and left, zinc morning market shock fell to 17705 yuan / ton, afternoon short zinc left period zinc upward repair, backfill almost all decline, and finally closed up 17860 yuan / ton, up 155yuan / ton, up 0.88%, trading volume decreased 29123 to 118000 lots, position decreased 862 to 82064 hands. Zinc in the future received a small positive pillar, and market sentiment warmed up after the release of macro negative sentiment, coupled with the reduction of social inventory this week, zinc suspended the downward trend, and zinc may continue to run around the 5-day moving average in the evening, but the macro uncertainty is still strong. We need to be vigilant.

 

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