SMM, April 1-
Shanghai Zinc mainstream transaction at 1531515385 yuan / ton, Shuangyan transaction at 1532515405 yuan / ton, Shuangyan ordinary price of 70 yuan / ton for April, Shuangyan for 90yuan / ton for April, and 1524515315 yuan / ton for Shuangyan. Shanghai Zinc 2004 rush down, the first trading session in the morning closed at 15245 yuan / ton, the first time in the morning, the market is mainly long single trading, but the expectation of gambling and tax reduction still exists, traders have a strong willingness to accept goods at low prices, and the mainstream transactions in the market are concentrated in the average price of SMM net or discount of 5 yuan / ton. Some of the monthly ticket holders reported a rise of 80 yuan / ton to the 2004 contract, but the transaction pressure of high rising water is greater. In the second period, spot prices rose slightly, market trading gradually weakened, and some holders reported a rise of 70 yuan / ton to the 2004 contract. After the zinc price rose to a low level, downstream procurement obviously weakened, low price reserve or hoarding behavior decreased, market trading was mainly concentrated among traders, East China today downstream consumption is general.
