June 29 Shanghai Zinc spot Express: cargo traders actively ship goods to realize spot water rapid adjustment

Published: Jun 29, 2018 12:37
SMM June 29: Shanghai 0 # zinc mainstream transaction 23420 ≤ 23500 yuan / ton, 0 # ordinary brand to Shanghai zinc 1807 contract 60 × 90 yuan / ton, Shuangyan to July 100 ≤ 130 yuan / ton. 1 # mainstream transactions at 23300 ≤ 23350 yuan / ton.

SMM, 29 June:

Shanghai 0 # zinc mainstream traded 23420 ≤ 23500 yuan / ton, 0 # ordinary brand rose 60 yuan / ton to Shanghai zinc 1807 contract, and Shuangyan rose 100 to 130 yuan / ton in July. 1 # mainstream transactions at 23300 ≤ 23350 yuan / ton. Shanghai zinc 1807 contract around 23250 yuan / ton narrow consolidation, early trading at 23250 yuan / ton. Zinc prices stopped falling and rebounded, refinery shipments slightly improved, early market traders habitually raised prices, about 90 yuan / ton in July, but close to the weekend, coupled with the face of cross-month, at the end of half a year, traders actively cleared inventory and realized it. While the performance of zinc futures and spot water rise is still relatively strong, shippers are relatively cautious, more wait-and-see from the market, few recipients, into the second trading period spot water rise rapid downward, heard that there is a small amount of water 50 ≤ 60 yuan / ton transactions. While the downstream wait-and-see, few days to enter the market, market trading by traders, the volume of transactions decreased slightly compared with yesterday.

Brand #

Transaction interval

1807

23460 $23500

Water lift 100 / 130

Qin Zn, Jiulong, Yu Guang

23420 ≈ 23460

Water lift 60 / 80

Hongye, copper crown

22340 ≈ 23400

Flat water-lift 10

AZ 、 YP

23310 ≈ 23370

Water 30 × 20

India, Spain

23210 ≈ 23270

Water 140-Water 130

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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