[agency Review] downstream consumption is generally expected to run in Shanghai zinc shock.-Shanghai Metals Market

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[agency Review] downstream consumption is generally expected to run in Shanghai zinc shock.

Translation 10:14:41AM Jun 03, 2019 Source:Wenhua Finance and Economics
The content below was translated by Tencent automatically for reference.

Overnight, Lun Zinc weakened to close at $2525 a tonne, down $34, or-1.33 per cent. Shanghai zinc main force 1907 concussion operation, closed at 20590 yuan / ton, up 45 yuan / ton, or 0.22%.

On the spot side, according to the SMM, Guangdong market, refineries ship normally. In the early morning, the replenishment warehouse in the early downstream is saturated, the fear of falling is strong, the enthusiasm for taking goods is obviously weakened, the demand for superimposed long orders is not urgent, and the overall enthusiasm for taking goods is not good. In the early morning period, the holder did not raise the price, and quoted that the contract for zinc 1907 in Shanghai was raised by 280 yuan / ton, but there was no obvious deal. Later, it was reported that in the vicinity of 26 yuan / ton for the contract for zinc 1907 in Shanghai, after the discount for that month intensified, Some traders have some arbitrage space. A small amount of receiving goods, superimposed one-sided downward disk, downstream weekend a small number of reserves appear, the contribution of part of the transaction, the transaction is general, the overall transaction is flat.

Overall, downstream consumption is general, but the Gansu smelter safety accident to boost market sentiment, Shanghai zinc is expected to run within 1907 days, operating range of 20500 to 21000.

[agency Review] downstream consumption is generally expected to run in Shanghai zinc shock.

Translation 10:14:41AM Jun 03, 2019 Source:Wenhua Finance and Economics
The content below was translated by Tencent automatically for reference.

Overnight, Lun Zinc weakened to close at $2525 a tonne, down $34, or-1.33 per cent. Shanghai zinc main force 1907 concussion operation, closed at 20590 yuan / ton, up 45 yuan / ton, or 0.22%.

On the spot side, according to the SMM, Guangdong market, refineries ship normally. In the early morning, the replenishment warehouse in the early downstream is saturated, the fear of falling is strong, the enthusiasm for taking goods is obviously weakened, the demand for superimposed long orders is not urgent, and the overall enthusiasm for taking goods is not good. In the early morning period, the holder did not raise the price, and quoted that the contract for zinc 1907 in Shanghai was raised by 280 yuan / ton, but there was no obvious deal. Later, it was reported that in the vicinity of 26 yuan / ton for the contract for zinc 1907 in Shanghai, after the discount for that month intensified, Some traders have some arbitrage space. A small amount of receiving goods, superimposed one-sided downward disk, downstream weekend a small number of reserves appear, the contribution of part of the transaction, the transaction is general, the overall transaction is flat.

Overall, downstream consumption is general, but the Gansu smelter safety accident to boost market sentiment, Shanghai zinc is expected to run within 1907 days, operating range of 20500 to 21000.