July 23 Shanghai zinc spot news: higher zinc demand weakens the market

News from SMM7, March 23:

Shanghai 0 # zinc mainstream transaction 1938 1910 yuan / ton, Shuangyan, Chihong 1990 1920 yuan / ton, 0 # ordinary August water 70 80 80 yuan / ton; Shuangyan, Chi Hong reported 80 100 yuan / ton. 1 # the mainstream transaction was between 19280 and 19300 yuan per ton. Shanghai zinc 1908 contract intraday slightly higher after falling finishing, the morning market closed at 19310 yuan / ton. The center of gravity of zinc futures operation has moved up slightly, the market circulation has increased and most of the long orders have ended within a month. From the cost point of view, the willingness of traders to receive new orders has been significantly weakened, while the downstream rally has once again turned to wait-and-see, mainly digesting inventory, and the atmosphere of more and less trading in the market has obviously become weaker. The morning market leader single transaction is still based on the net average price as the benchmark transaction is more smooth, but the average price rises 5 to 10 yuan / ton to receive the goods is stronger, and the rising sticker water quotation is concentrated in the rising water 70 to 80 yuan / ton or so, the trading parties save 10 yuan / ton differences to fall into a stalemate, the transaction is not as good as yesterday, the second trading period of the market is still mainly shipping, the quotation has not changed significantly, the overall trading is slightly less than yesterday.

0# brand

Transaction interval

1908

Shuangyan and Chihong

1990 1920

80 to 100 liters

Qin Zinc, Kirin, Yuguang, Jiulong

1980 1910

70 / 80 liter water

SMC

1950 1980

40 to 50 liters

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