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Zinc review: zinc prices to rise by more than 40% this year to short-term or callback risk

by:Deyuan      2020-12-23
【 Abstract 】 Overnight market funds flee, some leave long locking in a profit, Aaron zinc volatile closed down $5, so far this year of zinc has risen by more than 40%, short-term or callback demand, is expected today is zinc prices fell.


【 Of zinc market] Zinc London opened in 2282. 5 dollars/tons, Asian time Aaron zinc shocks upward to intraday high of 2292. 5 dollars/tons, midday 15:15 zinc center of gravity after hitting a modestly; Europe and the United States time Aaron zinc increased volatility in the near - day moving average, below 2266 dollars/tons, after the late back up to 2280 dollars/tons of slight fluctuations near a line, to close at 2278. 5 dollars/ton, down 5. $5 or 0. Decreased 24%, volume 7928, 9424, 332583 holdings reduce 933 hands; Shanghai zinc main 1610 contracts in 17650 yuan/ton, opened slightly higher than 17680 yuan/ton, a weaker trend downward move to low after the 17490 yuan/ton, late rebound slightly, closed at 17580 yuan/ton, down 125 yuan, or 0. Decreased 71%, volume 154018, 195492, position 297160 6758 hands.

( ) Zinc prices today spot market forecast: overnight market funds flee, some leave long locking in a profit, night Shanghai zinc main 1610 weaker trend; Recent zinc prices overheating, rose has more than 40% in the year to date, short-term should watch the callback risk, is expected to spot a zinc prices today.
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