June 19 Guangdong zinc market news: market turnover weakens in Guangdong

Published: Jun 19, 2019 11:40 (GMT+8)
SMM June 19: Guangdong 0 # zinc mainstream transaction in 20270 20400 yuan / ton, Guangdong market than Shanghai market from yesterday's discount 40 yuan / ton to discount 120 yuan / ton. The water supply of Shanghai Zinc 1908 contract is about 290 RMB / t.

SMM June 19: Guangdong 0 # zinc mainstream transaction in 20270 20400 yuan / ton, Guangdong market than Shanghai market from yesterday's discount 40 yuan / ton to discount 120 yuan / ton. The water supply of Shanghai Zinc 1908 contract is about 290 RMB / t. Refinery normal shipment, the morning holders are willing to pay a strong price, mostly quoted in the average price of-20, or on the 08 contract rising water around 370 400 yuan / ton, basically did not see more transactions. Entering the second trading period, the holder downgraded the rising water, reporting that the water increased by 290 to 310 yuan / ton for the 08 contract, but there were more replenishment in the downstream two days ago, and the demand for the long single was saturated, superimposed on the upward trend of today's market. The market transaction situation was significantly worse than that of yesterday. 0# Kirin, Cishan, Tiefeng and Mengzi mainstream were sold around 2027020400 yuan / ton.

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.

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