October 23 Shanghai zinc spot news: zinc price downstream trading good

Published: Oct 23, 2019 11:57
SMM, Oct. 23: Shanghai zinc mainstream transaction in 18880-18920 yuan / ton, Shuangyan transaction in 18880-18920 yuan / ton; SMC mainstream transaction in 18880-18910 yuan / ton; India mainstream transaction 1886018890 yuan / ton. SMC reported 110-120 yuan / ton of water in November, 110-120 yuan / ton in November and 90 yuan / ton in November. The mainstream transaction was 18810-18850 yuan / ton.

SMM, 23 Oct:

Shanghai zinc mainstream transaction in 18880-18920 yuan / ton, Shuangyan transaction in 18880-18920 yuan / ton; SMC mainstream transaction in 18880-18910 yuan / ton; India mainstream transaction 18860-18890 yuan / ton. SMC reported 110-120 yuan / ton of water in November, 110-120 yuan / ton in November and 90 yuan / ton in November. The mainstream transaction was 18810-18850 yuan / ton. Shanghai zinc 1911 low shock operation, the morning market closed at 18780 yuan / ton. Near the tax upgrade invoice deadline, and this month long order final settlement date is approaching, the market quotation moves to next month ticket quotation one after another. In the morning, the market quotes 120-130 yuan / ton for the November monthly ticket, 110-120 yuan for the next monthly ticket, 10-15 yuan / ton for the net price, and about 10 yuan / ton for the bill price. Due to the bill problem, most of the long single transaction this month has been completed, so next month the bill supply selling pressure, into the second trading period, the general November quotation down to 100-110 yuan / ton. Rumor has it that some of Ningbo's imported KZ and AZ goods have arrived, but after the disk price has gone down, the mood of receiving goods downstream is good, and the mood of picking and buying is still good. Overall, today's spot market trading is OK, downstream buying mood is still good.

Qiao brand

Transaction interval

1911

Double swallow

18880-18920

Litre 110-120

Qin Zinc, Kirin, Yuguang, Jiulong

18880-18920

Litre 110-120

SMC

18880-18910

Litre 110-120

India

18860-18890

Litre 90-100

"Click to sign up for the 2019 China Zinc oxide Industry chain Trading Summit"

Scan QR code and apply to join SMM metal exchange group, please indicate company + name + main business

 

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.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
[SMM Flash] Zinc Ingot Inventory Down 17,300 Tonnes, Total at 251,000 Tonnes as of Aug 31
1 hour ago
[SMM Flash] Zinc Ingot Inventory Down 17,300 Tonnes, Total at 251,000 Tonnes as of Aug 31
Read More
[SMM Flash] Zinc Ingot Inventory Down 17,300 Tonnes, Total at 251,000 Tonnes as of Aug 31
[SMM Flash] Zinc Ingot Inventory Down 17,300 Tonnes, Total at 251,000 Tonnes as of Aug 31
[SMM Flash] According to market feedback gathered by SMM, as of this Monday (August 31), total SMM seven‑location zinc ingot inventory stood at 251,000 tonnes, down 17,300 tonnes from August 24 and 18,900 tonnes from August 27, indicating a domestic inventory drawdown.
1 hour ago
LME Zinc Retreated after Rapid Rise, SHFE Zinc Maintained Fluctuating Trend [SMM Morning Meeting Summary]
3 hours ago
LME Zinc Retreated after Rapid Rise, SHFE Zinc Maintained Fluctuating Trend [SMM Morning Meeting Summary]
Read More
LME Zinc Retreated after Rapid Rise, SHFE Zinc Maintained Fluctuating Trend [SMM Morning Meeting Summary]
LME Zinc Retreated after Rapid Rise, SHFE Zinc Maintained Fluctuating Trend [SMM Morning Meeting Summary]
[SMM Morning Meeting Summary: LME Zinc Retreats after Rapid Rise, SHFE Zinc Maintains Fluctuating Trend] Last Friday, LME zinc opened at $3,889.5/mt. The futures drifted higher and hit a high of $3,955/mt, then quickly pulled back and hit a low of $3,859.5/mt, and finally closed at $3,879.5/mt, down $9/mt, or 0.23%. Trading volume increased to 20,691 lots, and open interest increased by 64 lots to 261,000 lots. Last Friday, the SHFE zinc 2610 contract opened at 26,240 yuan/mt, initially dipped to 26,145 yuan/mt, then rebounded amid consolidation to hit a high of 26,400 yuan/mt, and finally closed at 26,375 yuan/mt, down 110 yuan/mt, or 0.42%. Trading volume increased to 112,400 lots, and open interest decreased by 335 lots to 164,000 lots......
3 hours ago
Hawkish Signals Pressure LME Zinc to Retreat after Rapid Rise, SHFE Zinc Expected to Consolidate at Highs Intraday [SMM Zinc Morning Comment]
4 hours ago
Hawkish Signals Pressure LME Zinc to Retreat after Rapid Rise, SHFE Zinc Expected to Consolidate at Highs Intraday [SMM Zinc Morning Comment]
Read More
Hawkish Signals Pressure LME Zinc to Retreat after Rapid Rise, SHFE Zinc Expected to Consolidate at Highs Intraday [SMM Zinc Morning Comment]
Hawkish Signals Pressure LME Zinc to Retreat after Rapid Rise, SHFE Zinc Expected to Consolidate at Highs Intraday [SMM Zinc Morning Comment]
[SMM Zinc Morning Comment] Last Friday, the SHFE zinc 2610 contract opened at 26,240 yuan/mt. In early trading, it dipped to 26,145 yuan/mt, then consolidated and rebounded to touch a high of 26,400 yuan/mt, and finally closed at 26,375 yuan/mt, down 110 yuan/mt, or 0.42%. Trading volume increased to 112,400 lots, while open interest decreased by 335 lots to 164,000 lots.
4 hours ago