SMM10 29 Shanghai spot: zinc prices continue to rise spot rising further downward

SMM, 29 Oct:

The mainstream transaction of zinc in Shanghai was 19130-19190 yuan / ton, and that of Shuangyan was 19120-19200 yuan / ton, that of zinc was 50-70 yuan / ton in November, that of Shuangyan was 60 yuan / ton in November, and that of zinc was 19050-19130 yuan / ton. Shanghai Zinc 1911 continued the high shock, the first trading session in the morning closed at 19115 yuan / ton. In the first trading period, the morning holder quotes 70 yuan / ton to the 1911 contract, the market mainstream quotes to the SMM net average price is flat, but the transaction is few, the spot rising water is reduced to 1911 liters 60 yuan / ton, some cardholders to the SMM net average price discount 5-10 yuan / ton quotation; In the second trading session, zinc prices continued to be strong. At the beginning of the session, the holder further lowered the price of rising water to 50 yuan / ton for the 1911 contract, and the enthusiasm of the market for receiving goods was enhanced, which led to the stabilization of spot rising and falling water, and finally reported 60 yuan / ton to the 1911 contract. Zinc prices continue to be strong, SMM0# zinc prices rose 400 yuan / ton in two days, the downstream fear of high cautious mining, mostly wait-and-see, the trade market is more worried about rising water further downward, spot high water mining buy downturn, but in the spot water 50 yuan / ton procurement enthusiasm can be, in the afternoon to further pay attention to Shanghai spot water changes.

Qiao brand

Transaction interval

1911

Huize

19160-19240

Water 100

Double swallow

19120-19200

Rising water 60

Qin Zinc, Kirin, Yuguang, Jiulong

19130-19190

Water 50-70

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