More hair power, continue to "zinc" surprise

The increase in reserve requirements by the central bank over the weekend did not give the market much of a blow, especially to the recent star variety zinc. Yesterday, Shanghai zinc continued its strong upward trend last week, opened higher and higher, led the Masukura up, led the basic metals. The main 1105 contract opened at 20,100 yuan/t, the highest at 20,530 yuan/t, the lowest at 2,010 yuan/t to close at 20,420 yuan/t, up 475 yuan/t from the previous trading day, or an increase of 2.38%. The turnover of the Shanghai Zinc Index increased by 61198 to 1.05 million, and the open interest increased by 79,008 lots to 494,000. Shanghai aluminum main 1105 contract opened at 17205 points, quickly after the opening higher, maintaining a narrow range throughout the day, the highest point 17370 points, closing at 17345 points, compared with the previous day settlement price rose 195 points, or 1.14%, The volume surged to 107,176 lots, 108,818 lots, and 36,994 lots daily. On the external disk, the LME copper rallied, but zinc and aluminum continued to rise. Among them, March zinc closed at US$2596 per tonne, up 43 US dollars; March aluminum rose at US$2580 per tonne, and closed at 2570 yen per t2570 on Friday. Dollars.

Yesterday, the increase in Shanghai zinc and Shanghai aluminum, the price of zinc under the relatively low-priced market is sought after by the market. From a technical point of view, the Shanghai ZM system has a long array of good long positions. After effectively breaking through the 20,000 points of the previous important pressure level, the resistance at the top is reduced. Under the impetus of funds, the zinc market is still expected to have upward space. However, considering that the fundamentals have not been improved very well, the current price difference is too large. Therefore, it is relatively prudent to pursue higher prices. In operation, we continued to implement the pre-stage strategy. The low position will continue to be held, while the day will be backed by 20,000 points. Shanghai Aluminum, the low position more than a single continue to hold, the day can be involved in more than one single line in the 17200 appropriate.