SMM10 17 Shanghai spot: zinc prices continue to weaken trading sentiment in the trading market has picked up

Published: Oct 17, 2019 11:44

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SMM, Oct. 17: Shanghai Zinc mainstream transaction in 18840-18950 yuan / ton, Shuangyan, Huize transaction in 18850-18960 yuan / ton; Shuangyan, Huize reported 120-130 yuan / ton in November, Shuangyan and Huize reported 120-130 yuan / ton in November; Shuangyan and Huize sold in 18770-18880 yuan / ton.

SMM, 17 October:

The mainstream transaction of zinc in Shanghai was 18840-18950 yuan / ton, and that of Shuangyan and Huize was 18850-18960 yuan / ton, that of zinc was 110-120 yuan / ton in November, that of Shuangyan and Huize was 120-130 yuan / ton, and that of zinc was 18770-18880 yuan / ton. Shanghai Zinc 1911 narrow shock in the morning, and then again by the short down, the first trading session in the morning closed at 18775 yuan / ton. In the first trading session, with the end of the meeting, the shippers' mood resumed, and the average price of ordinary brand zinc ingots on SMM was 5-10 yuan / ton, which rose 110-120 yuan / ton to the 1911 contract. In the second trading session, the zinc price continued to weaken, and the holder maintained the rising price of 110-120 yuan / ton on the 1911 contract. With the end of the lead and zinc meeting, the trading market began to be active, downstream enterprises bargain replenishment, but still maintain in the rigid demand inventory, the overall shipper shipment sentiment is greater than the receiving sentiment.

Qiao brand

Transaction interval

1911

Huize, Shuangyan

18850-18960

Water 120-130

Qin Zinc, Kirin, Yuguang, Jiulong

18840-18950

Litre 110-120

SMC

18830-18940

Water 100-110

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