Comprehensive media 65438+ 10/6 reported that the overnight commodity market was affected by the low innovation of US crude oil, and most of them fell. LME zinc remained in a narrow range, closing at 1.248 USD/ton, down 17 USD from the previous day. Recently, the center of gravity has shown signs of moving down.
Fundamentally, on June 5438+05, the US Senate approved the remaining $350 billion of the $700 billion financial rescue plan to promote financial stability in the United States. Stimulated by this news, crude oil prices and Dow Jones index rebounded to varying degrees in late trading. In the near future, we need to pay attention to whether the crude oil price effectively breaks through the previous low point and whether the US dollar index can break through the suppression of the 60-day line.
The recent rebound in commodity markets has also pushed up LME inventories. At present, LME zinc inventory has exceeded 270,000 tons. At the same time, with the help of the acquisition of the State Reserve, the domestic spot zinc price still maintains a high premium. 16, the middle price of No.0 zinc in Shanghai Nonferrous Metal Network was 1 1.250 yuan/ton, which was nearly higher than the closing price of the main futures contract.