June 6 Tianjin zinc spot news: Tianjin market than Shanghai market to Pingshui transaction poor yesterday

Published: Jun 6, 2019 11:18
SMM6, June 6, Tianjin market 0 # zinc ingot mainstream transaction in 20810 to 22350 yuan / ton, 0 # ordinary brand mainstream transaction in 20810 to 20930 yuan / ton, 1906 contract discount 40-liter water 20 yuan / ton, Compared with the Shanghai stock market, the Tianjin market rose 40 yuan per ton yesterday and moved to the vicinity of Pingshui.

SMM6, June 6, Tianjin market 0 # zinc ingot mainstream transaction in 20810 to 22350 yuan / ton, 0 # ordinary brand mainstream transaction in 20810 to 20930 yuan / ton, 1906 contract discount 40-liter water 20 yuan / ton, Compared with the Shanghai stock market, the Tianjin market rose 40 yuan per ton yesterday and moved to the vicinity of Pingshui. Refinery normal shipment, the market supply circulation is more abundant. The disk surface rose slightly, and the holders actively shipped the goods. In the morning, the quotations for ordinary brands focused on the discount of 40 to 50 yuan per ton for 06 contracts, and the sources of high-priced brands such as Zijin were quoted for 50 yuan per ton for 06 contracts. However, the consumer side in the lower reaches of June entered the off-season, and on Tuesday, the price fell, and there were more replenishment warehouses downstream. Today, the willingness to pick up goods downstream was not good. Subsequently, some Zijin shippers lowered their water supply by about 30 yuan / ton. Report in the vicinity of $20 per tonne for the 06 contract. After the price adjustment, there are some transactions, but Zijin brand supply of a small amount, still failed to contribute to a larger trading volume. Today, Tianjin market trading atmosphere continued light, coinciding with Dragon Boat Festival short holiday eve but still no reserve phenomenon, the overall transaction situation is poor yesterday. 0 # Zijin, Hongye, lark, Chihong, etc., were sold at 20810 to 20930 yuan / ton, and 1 # Zijin, Chihong and Hongye were sold at 20760 to 20880 yuan / ton. (SMM Yan Weijun QQ: 2880505634 TEL:021-51666869)

"Click to view SMM historical price data

 

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
Related News
Social Inventory Gradually Rises, Zinc Price Center Slightly Declines [SMM Zinc Morning Comment]
22 mins ago
Social Inventory Gradually Rises, Zinc Price Center Slightly Declines [SMM Zinc Morning Comment]
Read More
Social Inventory Gradually Rises, Zinc Price Center Slightly Declines [SMM Zinc Morning Comment]
Social Inventory Gradually Rises, Zinc Price Center Slightly Declines [SMM Zinc Morning Comment]
[SMM Zinc Morning Comment] Overnight, the most-traded SHFE zinc 2603 contract opened at 24,350 yuan/mt, initially dipping to 24,320 yuan/mt. Subsequently, bears reduced positions and exited, causing the price to gradually rebound and fluctuate higher, rising above the daily average line and touching a high of 24,615 yuan/mt. It hovered at highs near the close, finally settling up at 24,600 yuan/mt, an increase of 205 yuan/mt or 0.84% from the opening price.
22 mins ago
Precious Metals Decline and Inventory Drops, LME Zinc Maintains Fluctuating Trend [SMM Morning Meeting Minutes]
26 mins ago
Precious Metals Decline and Inventory Drops, LME Zinc Maintains Fluctuating Trend [SMM Morning Meeting Minutes]
Read More
Precious Metals Decline and Inventory Drops, LME Zinc Maintains Fluctuating Trend [SMM Morning Meeting Minutes]
Precious Metals Decline and Inventory Drops, LME Zinc Maintains Fluctuating Trend [SMM Morning Meeting Minutes]
[SMM Morning Meeting Summary: Precious Metals Decline and Inventory Drop, LME Zinc Maintains Fluctuating Trend] Overnight, the LME zinc contract opened at $3,324/mt, initially reaching a high of $3,327.5/mt before its center quickly dropped to $3,271.5/mt. During the European trading session, the price gradually rebounded with fluctuations, closing above the daily average line by the end of the session. It finally settled at $3,298.5/mt, down $7/mt, a decrease of 0.21%.
26 mins ago
Zinc Ingot Inventory Continues to Accumulate, Zinc Prices Weakened During the Day [SMM Zinc Futures Brief Review]
14 hours ago
Zinc Ingot Inventory Continues to Accumulate, Zinc Prices Weakened During the Day [SMM Zinc Futures Brief Review]
Read More
Zinc Ingot Inventory Continues to Accumulate, Zinc Prices Weakened During the Day [SMM Zinc Futures Brief Review]
Zinc Ingot Inventory Continues to Accumulate, Zinc Prices Weakened During the Day [SMM Zinc Futures Brief Review]
[Zinc Ingot Inventory Continues to Accumulate, Zinc Prices Weaken During the Day]: The most-traded SHFE zinc 2603 contract opened at 24,800 yuan/mt, touched a high of 24,815 yuan/mt early in the session, then fluctuated downward throughout, approaching a low of 24,390 yuan/mt near the close, and finally settled down at 24,395 yuan/mt, falling 375 yuan/mt, a decline of 1.51%.
14 hours ago
June 6 Tianjin zinc spot news: Tianjin market than Shanghai market to Pingshui transaction poor yesterday - Shanghai Metals Market (SMM)