[brief Review of Zinc in SMM] risk aversion soared and Zinc in Shanghai fell sharply

SMM4, 21 March:

Intraday Shanghai zinc main force 2006 contract opened at 16015 yuan / ton, accompanied by a large number of long departure at the beginning of the day, Shanghai zinc shock fell directly to touch the 60-day moving average bottom 15535 yuan / ton, followed by more empty into, Shanghai zinc slightly revised after the end of the session fell again, closed down 15635 yuan / ton, down 3.07%, trading volume increased 73897 hands to 161000 hands, position volume decreased 6902 hands to 89028 hands. Shanghai zinc received a big negative column back to give up almost all of the decline last week, the upward trend has been completely broken, the current zinc fundamentals have not changed significantly, but the overseas situation is not optimistic that the market risk aversion surge, Shanghai zinc is expected to still have a good performance after a short-term adjustment.

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