Funds poured into the protection of Shanghai zinc trend to be brave

Qianxiaohan in most commodity futures in the background of sluggish, zinc but unexpectedly by the market funds sought after. The price of international crude oil prices over the weekend, the Shanghai Futures Exchange, copper, aluminum, fuel oil, natural rubber, and other contracts were opened yesterday morning. As of the close, Shanghai copper, Shanghai fuel oil main contract still fell 1.65%, days gum is down 4.6%. However, for Shanghai zinc, the collective weakness of the commodity market only formed a very short-lived bad.　　In the active forces of the Bulls, Shanghai zinc early plate significantly against the fall; To close, the successful realization of Shanghai zinc, the main contract 0908 to 12730 yuan/ton, with the last session of the settlement price rose 150 yuan, up to 1.2%. Trading data show that the volume of Shanghai zinc, positions were both magnified yesterday. The total position of Shanghai zinc increased by 20684 hands to 211,000 hands, and 430,000 hands of the daily turnover also created a recent new highs. Industry insiders said that the domestic price of galvanized products to a certain extent, indicating that the downstream demand for zinc is improving.　　Therefore, although 1-April domestic zinc imports increased year-on-year, there is still money to dare to enter long. In fact, Shanghai Zinc yesterday's strong performance on other commodity futures played a small pull. Shanghai copper, Shanghai and aluminum in the afternoon fell significantly narrower than the morning, and the two major steel futures varieties of steel, wire contract to close the tenacious turn red. "On the fundamentals, zinc does have a stronger condition.　　"Everbright Futures Research and Development center researcher Zeng Su reporters that the current market focus on the future demand for zinc, so zinc coated product prices will be to a large extent to the price of Shanghai zinc traction." "Early stage with the steel market warmer, domestic coating product prices rebound." Recently, a week, such as product prices fall, hot rolled sheet prices have also fallen, resulting in traders mentality tend to cautious, wait and see the atmosphere again strong.　　"Zeng Su told reporters that the recent east China galvanized plate price rally has eased, traders quoted as a whole to stabilize the main, some low-cost resources to improve the price, but compared with other metals, zinc price performance is still quite strong. The spot market offer also confirms this. Yesterday, the Yangtze River Nonferrous metals spot market Most of the metal quotes fell, copper, aluminum, tin, nickel, the mainstream products of the spot price lower than last weekend. Spot copper 35600 to 35900 yuan/ton, fell 850 yuan, the spot aluminum reported 12830 to 12870 yuan/ton, fell 60 yuan, spot Tin reported 103000 to 106000 yuan/ton, fell 1500 yuan.　　Only lead and zinc prices flat, 1th Zinc reported 12500 to 12600 yuan/ton, no ups and downs. In addition to the real estate market, the car market warmer also to zinc consumption played a certain role in pulling. "Zinc oxide production enterprises on the first half of the tire industry supporting orders are still optimistic." "Zeng Su said that in the automotive industry policy positive and seasonal cycle factors, the dual role of the first four months of the domestic auto industry overall recovery." According to the latest data released by the Ministry of Industry, from 1 to April, the domestic cumulative sales of 3.7248 million vehiclesAnd 3.8319 million cars, up 6.4% and 9.43% year-on-year. Among them, the passenger car production and sales of 2.6929 million vehicles and 2.8267 million vehicles, the year-on-year growth of 9.75% and 15.09%. "Companies are expected to buy zinc oxide for some time." ”