[ccmn. cn abstract] The US unemployment data was favorable, interest rates were cut, and the US dollar fell rapidly, and the overnight Lonzin shock ended flat; There is not much arrived in the refinery repair warehouse. In addition, the demand for replenishment for downstream production recovery after the festival has led to a decrease in the social warehouse, and zinc is expected to rise today.
[ccmn. cn Zinc Futures Market] Every other week, Lunzin first held back and then rose and ended flat. The opening price was 2908.5 US dollars/ton, the high point was 2932 US dollars, the low point was 2868.5 US dollars, and the closing price was 2910 US dollars, flat; The trading volume of 8501 hands decreased by 4546 hands, and the position volume of 238318 hands decreased by 1206 hands. evening Shanghai Zinc The main 2406 contract opened higher and fluctuated sideways, closing at 23325 yuan/ton, up 210 yuan or 0.91%.
Changjiang Zinc Industry Network (pb. ccmn. cn) Spot today Zinc valence Market forecast, The nonferrous metal sector regained its enthusiasm, and LME metals generally rose overnight, while Lunzin's decline was limited and ended flat at $2910. The refined zinc output in April basically met the market expectation. In May, the smelter maintenance and production recovery coexisted, and the overall arrival of warehouses was not much. After the May Day holiday, downstream enterprises resumed production and digested the pre holiday reserves after the holiday, and the spot market gradually started the behavior of just in need replenishment, thus driving the reduction of the social inventory of zinc ingots, supporting the lower space of Shanghai Zinc. It is expected that the spot zinc will rise today. (Changjiang Nonferrous Metal Network CJys.cn R&D Team 0592-5668838)
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