Shanghai Zinc continued strong trend

⊙ contributing writer Wang Mingyi ⊙ Wang Mingyi Domestic market, yesterday, Shanghai zinc in the overnight increase led by the rise of zinc in the high drive high, the early rise mainly by the short position, the new buy in the afternoon to provide zinc prices to increase the momentum of increase in volume and open positions are greatly increased. In the spot market, Shanghai No. No. 0 Zinc deal in 12800 to 12900 yuan/ton, 1th zinc, imported zinc deal in 12700 to 12750 yuan/ton, spot market wait for majority, downstream prudent purchase. From the impact of factors, the rise of the overnight Lun-Zn, as well as the rebound in Asian equities to provide zinc price action can, zinc prices continue to rebound recent trend.　　From the fundamentals, the recent rebound lack of effective support, I believe that the supply of excess and weak demand fundamentals are still limited zinc price of the main factor in the upward space, short-term zinc prices to maintain high volatility, the median view of empty thinking. Overnight zinc in London, U.S. stocks rebound, the dollar weakened to promote zinc prices.　　The American Association of Residential Builders (NAHB) announced in Monday that U.S. House builders ' confidence jumped to its highest level in eight months in May to support the market's view of the housing slump, and the market is widely expected to announce that the US new housing start rate in April is better than expected tonight. The global lead and zinc research team announced in the latest monthly report that 2009 years ago 3 months, the global zinc market surplus 187000 tons, but China's buying will continue to support the bottom of the price, and supply remains tight. In January-March this year, the global use of refined zinc was 2.418 million tonnes, compared with 2.764 million tonnes in the same period last year. Global refining zinc production is 2.605 million tonnes, lower than the same period last year 2.852 million tons.