neospincasinonodepositbonus| Shanghai Zinc 2406 Contract: Volatility rose, up 1.05%, and the spot market followed suit.

Newsletter summary

Today, the Shanghai zinc market fluctuated and rose, and the Shanghai zinc 2406 contract rose 1.Neospincasinonodepositbonus.05% to 24625 yuan / tonNeospincasinonodepositbonusThe spot market is stimulated by the real estate policy, the consumption prospect is expected to recover strongly, the spot quotation is raised, but the downstream purchasing enthusiasm is not high, and the spot transaction is slightly improved.

Text of news flash

[zinc prices in Shanghai rose, trading volume increased sharply] the Shanghai zinc market showed an upward trend today. 2406 of the contract opened at 24370 yuan / ton in that month, then fluctuated upwards, hitting a new high of 24690 yuan / ton in intraday trading, with a minimum of 24360 yuan / ton. In the end, the contract closed at 24625 yuan / ton, an increase of 1%.Neospincasinonodepositbonus.05%, up from the opening priceNeospincasinonodepositbonusIt costs 255 yuan. At the same time, trading volume increased significantly to 23953 lots, but the position decreased slightly to 30328 lots, down 2326 lots from the previous day.

[2407 contracts showed eye-catching performance, with positions rising significantly] it was closely followed by the 2407 contract for Shanghai Zinc, which closed at 24725 yuan / ton, an increase of 250 yuan, or 1.02%. The trading volume of the contract reached 213274, while the position increased from 123335 to 2020, reflecting the positive attitude of the market towards the contract.

[the price of lun zinc has risen slightly and the international market has remained stable] globally, the price of lun zinc has also shown a positive trend. As of 3: 00 p.m. Beijing time, Lunzhihua's latest offer was $3076.5, up $24 from the previous day, a modest increase but a steady trend.

[spot market quotations have been raised, market sentiment has returned to positive prices] domestic spot zinc prices have also ushered in an increase. Yangtze River comprehensive zinc prices and zinc prices in Yangtze River are quoted at 24420-24520 yuan / ton and 24340-24440 yuan / ton respectively, with an average price of 24470 yuan and 24390 yuan respectively, up 200 yuan from the previous trading day. In Guangdong, the prices of zinc and zinc stored in the south are 24180-24480 yuan / ton and 24110-24410 yuan / ton respectively, with an average price of 24330 yuan and 24260 yuan respectively. Compared with the previous contract, the spot quotation range of the market shows that both zinc and zinc are discounted, reflecting the cautious attitude of the market towards zinc prices.

[market Analysis Perspective: domestic Policy stimulus, Zinc Market demand recovery] Zinc City Analysis pointed out that although the hawkish signal released by Federal Reserve officials a few days ago led to a bad market mood and a general decline in the non-ferrous metals market, the stimulus measures of domestic real estate policies continued to advance, making the market optimistic about the prospect of zinc consumption. This has contributed to a rebound in zinc prices in Shanghai and led to higher quotations in the spot market. Although downstream buyers are afraid of high prices and mainly adopt on-demand purchasing strategies, trading volume in the spot market has increased, driven by weekend stock, reflecting that market demand is gradually picking up.