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Zinc review: speculative funds for zinc prices or fall off today

by:Deyuan      2020-12-23
【 Abstract 】 Plunging oil prices on Friday to crack down on commodity prices, zinc fell $8, and zinc, speculative funds continue to leave, the current Shanghai zinc thwarted by the top 20 daily average lines, short-term or range, is this zinc down now.

【 Of zinc market] Last week's acquisition of zinc in 2285. 5 dollars/tons, Asian time Aaron zinc in 2290 dollars/ton line sideways, oscillation amplitude after widening, touch more than 2300 dollars/tons; Europe and the United States time Aaron zinc action weaker gravity fell to low $2264 / ton, late recover some losses, to close at 2276. 5 dollars/ton, down eight. $5 or 0. Decreased 37%, volume 8658, 1577, 327939 holdings reduce 17864 hands; Night Shanghai zinc main 1611 contracts in 17900 yuan/ton, up to 17915 yuan/ton, the lowest 17715 yuan/ton, eventually closed at 17775 yuan/ton, down 175 yuan, or 0. Decreased 97%, volume 167704, 136926, 224904 holdings reduce 1188 hands.

( ) Zinc prices today spot market forecast: on Friday reported that Saudi Arabia is expected to hopelessness distributed agreement, plunge in oil prices, the oil fell more than 4%, the Shanghai zinc main 1611 weakness; Investors now high position will fall, causing the recent outflows, disk Shanghai zinc thwarted by the top 20 daily average lines to resistance, zinc prices rose slightly weak, days or will continue interval concussion, zinc spot prices forecast today.

zinc information: xinjiang land mine bureau announced on the 25th, flaming cloud area in hetian county in xinjiang's hotan region, found a reserves of nearly 19 million tons of world-class super-large lead-zinc deposit, which is at present, China's largest lead-zinc mine resource reserves.
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