Metals News
[agency Review] demand-side performance is generally expected to be under pressure in Shanghai zinc within a day.
Aug 1,2019
Source:Guangzhou futures
The content below was translated by Tencent automatically for reference.

SMM News: overnight, the Federal Reserve will interest 0.25 percent, in line with market expectations, Len zinc concussion run, closed at $2438.5 / ton, down $5, or-0.2%. Shanghai zinc main 1909 concussion operation, closed at 19415 yuan / ton, up 30 yuan / ton, or 0.15%.

On the spot side, according to SMM, Guangdong 0 # zinc mainstream transaction in 1980 1980 yuan / ton, Shanghai zinc 1909 contract discount 80 to 70 yuan / ton, Guangdong market than Shanghai stock market to maintain the discount around 120 yuan / ton yesterday. Refinery normal shipment, the market supply circulation is more abundant, in the morning some of the holders quoted price in the average price of-10 yuan / ton, some concentrated in the 09 contract quoted in the discount 60-discount 70 yuan / ton, but downstream participation is not strong, the receiver is willing to receive the 09 discount 70 to 80 yuan / ton, the market transaction is slightly deadlocked, the overall market trading atmosphere continues light.

Generally speaking, the downstream is in the off-season of consumption, and the performance of the demand side is average. Shanghai zinc is expected to run under pressure within 1909, with an operating range of 19300 to 19600.


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