July 5 Shanghai Zinc spot News: zinc prices plummeted the market trading cautiously downstream to improve the willingness to buy at low prices

Published: Jul 5, 2018 12:30
Shanghai 0 # zinc mainstream transaction 22160 ≤ 22280 yuan / tonne, today Shanghai mainstream quoted price for 1808 contract, 0 # ordinary report 220 ≤ 240 yuan / ton, Shuangyan Daily 240 ≤ 260 yuan / ton. 1 # mainstream transactions in 22060 ≤ 22180 yuan / ton.

SMM, 5 July:

Shanghai 0 # zinc mainstream traded 22160 ≤ 22280 yuan / tonne, today Shanghai mainstream quoted price for 1808 contract, 0 # ordinary reported 220 ≤ 240 yuan / ton, Shuangyan newspaper 240 × 260 yuan / ton. 1 # mainstream transactions in 22060 ≤ 22180 yuan / ton. Shanghai Zinc 1807 contract fell back in intraday trading, closing at 21915 yuan / ton in early trading. Zinc prices plummeted and refineries were unable to sell, and trading in the early market was more cautious. traders were mainly traded on long orders, and the transactions of long orders were reached on the basis of the average SMM price. in addition, some traders reported rising water of 220 yuan or 250 yuan per ton for shipment. However, there is no more sound of transactions in the market. Entering the second trading period, the long single trading basically ended, the spot market trading atmosphere became lighter, and the downstream fell into the market inquiry, the willingness to buy better than yesterday, adjust the market transaction atmosphere, the overall transaction volume increased slightly compared with yesterday.

Brand #

Transaction interval

1808 contract

Shuangyan, Chihong

22180 22280

Rising water 240 / 260

Water 120 / 130

Qin Zn, Jiulong, Yu Guang, Kirin

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn