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[brief Review of Zinc in SMM] Zinc contradiction passivation and concussion operation is expected to continue.
Jul 27,2020 17:11CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 March 27:

During the day, the main 2009 contract of Shanghai zinc opened at 18085 yuan / ton. at the beginning of the session, driven by bullish positions, the zinc futures rose rapidly, the center of gravity moved up to 18150 yuan / ton, the high hit 18220 yuan / ton, and the funds quickly left in the afternoon. Zinc concussion and decline recorded a V word reversal, and finally closed up at 18130 yuan / ton, up 70 yuan / ton, or 0.39%. The trading volume decreased by 37028 to 197000 hands, and the position increased by 2883 to 97755 hands. Zinc turn red in the future, mainly driven by increasing the warehouse, it will take time for the smelter output to rise to the best level, and social inventory continues to decline, but it is expected to passivate the zinc contradiction relatively clearly, and zinc is expected to continue to operate in shock at night.

 

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