[brief Review of Zinc in SMM period] inventory reduction provides favorable support for evening zinc or strong operation.

Published: Jul 20, 2020 17:13

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SMM7 March 20: the daily Shanghai zinc main 2009 contract opened at 17570 yuan / ton, and at the beginning of the day, zinc made a little consolidation near the opening price. With the bulls increasing positions, the zinc center of gravity moved up to 17660 yuan / ton, and the zinc center of gravity closed down 17655 yuan / ton, down 170 yuan / ton, or 0.95%. The trading volume decreased by 6922 lots to 111000 lots, and the position decreased by 3527 lots to 78537 lots. Zinc received a long shadow Xiaoyin column, two attempts at the bottom of 17500 yuan / ton to find support, day statistics social inventory continued to reduce to provide positive support, zinc or strong operation is expected in the evening.

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