[brief Review of Zinc in SMM period] Zinc continues to fluctuate in the period when it is easy to rise and difficult to fall.

Published: Jul 21, 2020 16:49

Save

SMM7 March 21: daily Shanghai zinc main 2009 contract opened at 17850 yuan / ton, mid-day zinc fluctuations in a narrow range to 17820 yuan / ton as the axis 50 yuan / ton range. The final closing price rose to 17840 yuan / ton, up 215 yuan / ton, or 1.22%. The trading volume increased by 11424 lots to 122000 lots, and the position increased by 2445 lots to 80982 lots. A long period of zinc close on the positive pillar, the continuation of the range shock market, in the economic recovery cycle, consumption optimism is expected to occupy a dominant position, mine-end supply is not big at present, zinc is expected to continue to fluctuate in the evening.

Scan the QR code and apply to join the SMM metal exchange group. Please indicate the company + name + main business.

Zinc brief review daily review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

13 hours ago

SHFE Zinc Prices Consolidate at Highs, Weak Downstream Demand Dampens Spot Trading

[Shanghai Refined Zinc Market] This week, SHFE zinc futures prices consolidated at highs, with the overall center up notably WoW. In the off-season, overall orders at downstream enterprises remained poor, and amid persistent fear of high prices, overall zinc ingot purchasing interest during the week was weak. Overall spot trading during the week was sluggish; traders had difficulty selling, and spot premiums fell during the week.

13 hours ago

Ningbo Zinc Market Sees Stable Supply and Steady Premiums Amid Moderate Demand

[Ningbo Refined Zinc Market] This week, the Ningbo market had ample overall spot supply, traders' selling quotations were relatively stable, and overall spot premiums changed little. Demand side, orders at downstream alloy plants had yet to improve significantly, spot zinc ingot purchases were mainly based on rigid demand, and market transactions were moderate. Ningbo spot premiums are expected to continue consolidating next week.

13 hours ago

China's Port Zinc Concentrate Inventories Drop by 36,000 mt WoW to 244,000 mt

[Port Zinc Concentrate Inventories] This week, SMM zinc concentrate inventories at main ports in China totaled 244,000 mt in physical content, down 36,000 mt WoW, with Fangchenggang Port inventories accounting for the main decline.

13 hours ago