Metals News
[agency Review] Shanghai Zinc main Jump High opening demand side performance is average
Jul 17,2019
Source:Wenhua Finance and Economics
The content below was translated by Tencent automatically for reference.

Overnight, Lun Zinc fell back to close at $2466 a tonne, up $25, or 1.02 per cent. Shanghai zinc main force 1909 jump high open, closed at 19460 yuan / ton, up 210 yuan / ton, or 1.09%.

On the spot side, according to SMM, Guangdong 0 # zinc mainstream transaction at 19030 to 19090 / ton, Shanghai zinc 1908 contract discount 50-discount 30 yuan / ton, Guangdong market than Shanghai market since yesterday discount 90 yuan / ton expanded to discount around 100 yuan / ton. Refinery normal shipment, the market supply of goods is abundant. In the morning, the holder actively shipped the goods, and the quotation focused on the average price of-20 yuan / ton. Some of the contract holders reported a discount of about 30 yuan / ton to the 08 contract, entering the second trading period. The holder once again lowered the discount to the 08 contract 40-50 yuan / ton, the market transaction has improved. Today's main downstream contribution to the main trading, downstream every fall to buy the willingness to enhance, superimposed weekend reserve demand, the willingness to pick up the goods improved. The trading situation in Guangdong today is slightly better than that of yesterday.

Generally speaking, the downstream is in the off-season of consumption, the performance of the demand side is general, but the strength of Shanghai zinc, boost Shanghai zinc, Shanghai zinc is expected to have a strong shock within 1909 days, operating range 19000 to 19500. (source: Guangzhou Futures)

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