Tianjin zinc spot news on June 17: the trading atmosphere of Tianjin market is slightly warmer than that of Shanghai market.

Published: Jun 17, 2019 11:12
SMM6, March 17, Tianjin market 0 # zinc ingots mainstream transactions in 20500 to 21820 yuan / ton, 0 # ordinary brand mainstream transactions in 20500 to 20690 yuan / ton, 1907 contract rising water around 330 yuan / ton, Tianjin market than Shanghai market from Friday discount 20 yuan / ton to Pingshui near.

SMM6, March 17, Tianjin market 0 # zinc ingots mainstream transactions in 20500 to 21820 yuan / ton, 0 # ordinary brand mainstream transactions in 20500 to 20690 yuan / ton, 1907 contract rising water around 330 yuan / ton, Tianjin market than Shanghai market from Friday discount 20 yuan / ton to Pingshui near. Disk down, refineries slightly cherish the sale, but due to the holding of goods more market circulation of goods has not been greatly affected. The holder quoted the 07 contract early quotation in the rising water 350 500 yuan / ton, to the 06 contract quote in the discount 170-150 yuan / ton, to the 06 contract quotation is the ordinary low price source, the market inquiry situation is more, the willingness to receive the goods is temporarily obvious, the holder for the shipment once again lowers the quotation to the 07 contract rising water 330 400 yuan / ton, after the price adjustment market transaction receives the small boost, mainly with the low price brand goods source contribution more trading volume. The trading atmosphere in Tianjin today was significantly warmer than last Friday, and the transaction volume in the market was better than last Friday. 0 # Zijin, Hongye, lark, Chihong, Xiyan, etc., were sold at 20500 to 20690 yuan / ton, and 1 # Zijin, Chihong and Hongye were sold at 20450 to 20640 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
SHFE Zinc Moved Lower Driven by LME, Focus on Macro Marginal Changes [SMM Zinc Morning Comment]
3 hours ago
SHFE Zinc Moved Lower Driven by LME, Focus on Macro Marginal Changes [SMM Zinc Morning Comment]
Read More
SHFE Zinc Moved Lower Driven by LME, Focus on Macro Marginal Changes [SMM Zinc Morning Comment]
SHFE Zinc Moved Lower Driven by LME, Focus on Macro Marginal Changes [SMM Zinc Morning Comment]
[SMM Zinc Morning Comment] Overnight, the most-traded SHFE zinc 2605 contract opened at 23,785 yuan/mt. At the beginning of the session, bears reduced their positions and SHFE zinc edged up, touching the intraday high of 23,905 yuan/mt. Subsequently, bulls reduced their positions, causing prices to fluctuate and pull back. During the session, prices continued to decline, dipping to 23,710 yuan/mt. Towards the end of the session, prices stabilized slightly and rebounded, ultimately closing lower at 23,740 yuan/mt, down 75 yuan/mt or 0.31%.
3 hours ago
Strait of Hormuz Closed Again, LME Zinc Under Pressure [SMM Morning Meeting Minutes]
3 hours ago
Strait of Hormuz Closed Again, LME Zinc Under Pressure [SMM Morning Meeting Minutes]
Read More
Strait of Hormuz Closed Again, LME Zinc Under Pressure [SMM Morning Meeting Minutes]
Strait of Hormuz Closed Again, LME Zinc Under Pressure [SMM Morning Meeting Minutes]
[SMM Morning Meeting Minutes: Strait of Hormuz Closed Again, LME Zinc Under Pressure] Overnight, the LME zinc contract recorded a long upper shadow bearish candlestick, with various moving averages below providing support. On the macro front, optimistic sentiment over the US-Iran ceasefire drove risk assets higher, and the US dollar index touched a one-month low. However, the escalation of the Israel-Lebanon conflict, the resumption of hostile actions between Iran and Israel, Iranian media reporting that the Strait of Hormuz had been fully closed, combined with the possibility of a US Fed rate hike, put LME zinc under pressure.
3 hours ago
Why Did Zinc Concentrate TCs Decline in April During the Regular Mine Production Resumption Season?
18 hours ago
Why Did Zinc Concentrate TCs Decline in April During the Regular Mine Production Resumption Season?
Read More
Why Did Zinc Concentrate TCs Decline in April During the Regular Mine Production Resumption Season?
Why Did Zinc Concentrate TCs Decline in April During the Regular Mine Production Resumption Season?
As of April 3, the average domestic zinc concentrate TC dropped to 1,350 yuan/mt in metal content, and the imported zinc concentrate TC fell to -$14.5/dmt, with the import market once again entering negative territory. After Chinese New Year, domestic mines gradually resumed production — so why did zinc concentrate TCs decline again in April?
18 hours ago
Tianjin zinc spot news on June 17: the trading atmosphere of Tianjin market is slightly warmer than that of Shanghai market. - Shanghai Metals Market (SMM)