[SMM period zinc commentary] The day does not change the station above the upper rail of the Brin Road

SMM August 9th: This Shanghai zinc main 1710 contract opened at 24,460 yuan / ton, after the opening, Shanghai zinc continued the night's gains, shocked to 24,500 yuan / ton, then the multi-headed pressure to escape, zinc prices fell slightly to 24350 Yuan/ton near finishing operation. Subsequently, the Shanghai Zinc Airways waited for an opportunity to flee, and the zinc price fluctuated and returned to the early platform. In the afternoon, the Shanghai zinc bulls once again brought in the warehouse, and the zinc price skyrocketed, recording a new high of 24,820 yuan/ton since November 30, 2016. It closed at 24,730 yuan / ton, up 840 yuan / ton, an increase of 3.52%. The volume of warehouses increased by 191,000 hands to 757,000 hands, holdings increased by 22,612 hands to 261,000 hands. The strength of the day does not change, standing above the upper rail of the Brin Road, and the lower roads are all supported by the line. The zinc price may continue to be strong before the market shows signs of weakening. (Shanghai Nonferrous Network Kangcheng WeChat)

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