May 9 Shanghai Zinc spot Express: market quotation cut to stabilize transactions slightly light

Published: May 9, 2018 12:13
SMM May 9: Shanghai 0 # zinc mainstream transactions in 23,940 ≤ 24020 yuan / ton, 0 # ordinary brand contract with Shanghai zinc 1806 rise 70 × 100 yuan / ton; 0 # Shuangyan reported 90 million yuan / ton in June, the market is still on the low side. 1 # Shuangyan mainstream traded at 23910 ≤ 23950 yuan / ton.

SMM May 9: Shanghai 0 # zinc mainstream transactions in 23,940 ≤ 24020 yuan / ton, 0 # ordinary brand contract with Shanghai zinc 1806 rise 70 × 100 yuan / ton; 0 # Shuangyan reported 90 million yuan / ton in June, the market is still on the low side. 1 # Shuangyan mainstream traded at 23910 ≤ 23950 yuan / ton. Shanghai zinc 1806 contract intraday pull up after weak operation, early trading closed at 23895 yuan / ton. Zinc price shock, refinery shipping willingness to improve; In the early days of the early morning market, long orders led to trading, but the overall transaction was not good, traders' quotations stabilized, shipping enthusiasm was higher, and downstream enterprises were depressed, coupled with severe pressure on zinc prices, on-demand procurement, the overall transaction was weaker than yesterday.

Brand #

Transaction interval

1806

Shuangyan, Chihong

Water rise 90 / 100

Jiulong, Qin Zn, Kirin, Yu Guang

23,940 $24000

Water rise 70 / 90

AZ

23910 23970

Water lift 40 / 60

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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