Zinc review: zinc prices rise or limitation of momentum

【 Abstract 】 Market expectations the fed will keep interest rates unchanged weighed on the dollar, zinc London edged up $2 money driven zinc prices have entered overbought condition, zinc prices rally or limited, are expected to today is zinc prices went sideways.

【 Of zinc market] London zinc in 2318 dollars/tons, Asian market expectations the fed will keep interest rates unchanged weighed on the dollar, zinc vibration focus up; Europe and the United States time Aaron zinc continued strong trend climb higher than the high of $2350 / ton, late pressure lower, to close at 2319. $5 dollars/ton, up 2, or 0. Decreased 09%, volume 11313, 1658, 321726 an increase of 399 holdings hands; Shanghai zinc main 1611 contracts in 18280 yuan/ton, zinc plate Shanghai highs a line consolidation to 18090 yuan/ton, up to 18375 yuan/ton, the lowest 18025 yuan/ton, eventually closed at 18090 yuan/ton, down 115 yuan, or 0. Decreased 63%, volume 216584, 93658, 311676 an increase of 1094 holdings.

( ） Zinc prices today spot market forecast: supply shortage caused by worry mines shut down, in the year to date, the LME zinc futures prices rose more than 40%, the Shanghai main zinc futures contracts have 30%, hit level in five years. Zinc prices currently has entered the overbought condition, short-term zinc prices rally or have limited, forecasts the spot price of zinc today or not.


industry information: on September 7, Seoul, South Korea, according to the official purchasing agency released a statement on its website that the tender shopping for a total of 2000 tons of zinc, arrive in November. The minimum purity zinc bidding for 99. 995%, and for the LME registered brand. The bidding will end on September 21, do not allow the origin for the two countries.