July 17 Shanghai Zinc spot Express: the market circulation supply is tight spot rising water is raised

Published: Jul 17, 2018 11:46
SMM7, 17 Feb: Shanghai 0 # zinc mainstream sold 20670 ≤ 20,860 yuan / ton, 0 # ordinary contract for 1808 reported 310 × 320 yuan / ton, Shuangyan reported 380 yuan / ton for August, and copper crown reported about 250 yuan / ton for August. Convergence with imported SMC quotations. 1 # Shuangyan mainstream sold at 20560 ≤ 20,640 yuan / ton.

SMM, 17 July:

Shanghai 0 # zinc mainstream transaction 20670 ≤ 20,860 yuan / ton, 0 # ordinary to 1808 contract reported 310 ≤ 320 yuan / ton, Shuangyan reported rising water 380 yuan / ton in August, and copper crown reported rising water about 250 yuan / ton in August, which converged with the quotation of imported SMC. 1 # Shuangyan mainstream sold at 20560 ≤ 20,640 yuan / ton. Shanghai Zinc 1808 contract fell back in intraday trading, closing at 20400 yuan / ton in the morning. During the day, the refinery cherished the wait-and-see sales, the market circulation supply was tight, no one shipped in the early market, zinc low traders had a higher enthusiasm for receiving goods, but the transaction was fresh, and then heard that a small amount of 0 # Qin zinc had a transaction of 270 yuan per ton of water in August. After the market fell into silence again, the quotation increased gradually, and the quotation was adjusted to 320 × 330 yuan / ton in August. however, the high rising water suppressed the enthusiasm of receiving the goods. it was heard that the market transaction was concentrated at about 290 × 300 yuan / ton, and the overall market transaction was general. Entering the second trading period, the willingness of the market to ship goods increased, the spot market quotation did not change significantly, but the zinc price fell one after another, the zinc price broke 20,000 voices gradually higher, downstream flinched and cautious wait-and-see, most of the market entry was on-demand procurement, and the overall market transaction was general. The volume of transactions decreased slightly from yesterday.

Brand #

Transaction interval

1808

Shuangyan, Chihong, Dongling

20750 ≈ 20860

Water lift 370 / 380

Qin Zn, Jiulong, Yu Guang, Kirin

20670 ≈ 20780

Rising water 290 / 300

SMC

20620 ≈ 20720

Rising water 230 × 250

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
July 17 Shanghai Zinc spot Express: the market circulation supply is tight spot rising water is raised - Shanghai Metals Market (SMM)