July 25 Guangdong Zinc Market News: few transactions in the downstream receiving Market are getting worse again

Published: Jul 25, 2019 11:38
SMM July 25: Guangdong 0 # zinc mainstream transaction in 1930 to 19250 yuan / ton, Shanghai zinc 1909 contract discount 50 to 40 yuan / ton, Guangdong stock market than Shanghai stock market to maintain the discount around 130yuan / ton.

SMM July 25: Guangdong 0 # zinc mainstream transaction in 1930 to 19250 yuan / ton, Shanghai zinc 1909 contract discount 50 to 40 yuan / ton, Guangdong stock market than Shanghai stock market to maintain the discount around 130yuan / ton. The refinery shipment is normal, the market supply circulation is more abundant. The early quotation of the holder focused on the discount of 40 yuan / ton to the 09 contract, but the market transaction atmosphere was mediocre. Some subsequent holders tried to reduce the discount of 10 yuan / ton, and reported that the discount to the 09 contract was about 50 yuan / ton. Some traders contributed mainly to a small amount of trading, and there was little willingness to receive the goods downstream. Overall, today's Guangdong market transactions are poor, the downstream is basically wait-and-see, superimposed terminal orders continue to change, some enterprises stop production and wait-and-see, there is no demand for goods. Overall, the trading situation in Guangdong today is again worse than that of yesterday. 0# Kirin, Cishan, Tiefeng and Mengzi mainstream were sold near 1930 to 19250 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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July 25 Guangdong Zinc Market News: few transactions in the downstream receiving Market are getting worse again - Shanghai Metals Market (SMM)