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Zinc price highs cautious wait-and-see buyers

by:Deyuan      2020-12-25
【 Abstract 】 A stronger dollar and a drop in oil prices, the overnight metal prices are under pressure, London zinc low open low walk down $30, zinc ingot spot market supply is abundant, purchaser continue watching, is expected today is zinc prices

' Of zinc market] Aaron zinc in 1880 dollars/tons, Asian trading near a $1875 / ton, near the European and American time open slide, Aaron zinc short-term lower, hitting 40 - day moving average 1860 dollars/tons, after the breakdown of 40 ma, began to pressure on the average daily line all the way to weaken, touch the low $1845 / ton. Late just now stabilising, close of 1862. 5 dollars/ton, down 29. 5 dollars/ton. Volume was 2763 to 11478 hands, holdings little change of 26. 20000 hands. Shanghai zinc main 1607 contract leave high to go lower, after opening in 14865 yuan/ton, the short term, once an exodus to 14805 yuan/ton, accompanied by buying back daily line up after stand firm, end to end at 14935 yuan/ton, down 70 yuan/ton. Volume 14 main contract. 80000 hand, holdings fall 1742 to 16. 50000 hands.

( ) Spot zinc prices today market forecast: belongs to the low amount of zinc in the near future storehouse, speculative funds declined, restricting the zinc prices rebound height, zinc ingot spot market supply is abundant, traders offer positive, prices continue to downstream buyers wait-and-see, the overall light volume, forecast the spot market today zinc prices fell 100 yuan/tons.
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