June 20 Shanghai zinc spot news: market supply loosening zinc and spot water fall at the same time

SMM6 20 June news:

Shanghai 0# zinc mainstream transactions 20080 to 20180 yuan / ton, Shuangyan, Chihong transactions in 20110 to 20220 yuan / ton, 0 # ordinary July to 140 to 160 yuan / ton; Shuangyan, Chi Hong newspaper rising water 170 to 190 yuan / ton. 1 # the mainstream transaction was between 19980 and 20120 yuan per ton. Shanghai Zinc 1907 contract bottomed out in intraday trading, closing at 19965 yuan per ton in the morning market. Today, zinc futures continue to fall, but the market circulation is still loose, coupled with the outflow of warehouse receipts, and near the end of the weekend, the long order delivery is nearing the end, the downstream procurement has also been basically completed, the market demand has obviously weakened, the imbalance between supply and demand has further intensified, and the early market quotation has continued the downward trend, from 160 yuan / ton of water to 140 yuan / ton of water. Some of the domestic brands due to warehouse problems can not participate in the long single transaction quotation on the low side of 10 to 20 yuan / ton, but the market bearish period and the basis of the mood heating up, the overall transaction is generally stable compared with yesterday, but the trading atmosphere is still cooling.

0# brand

Transaction interval

1907

Shuangyan and Chihong

20110 20220

170 / 190 liter water

Qin Zinc, Kirin, Jiulong, Yuguang

20080 20180

Rising water 140 / 160

SMC

20070 20180

Rising water 140 150

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