October 25 Tianjin zinc spot news: disk decline rising water down today's trading is positive

Published: Oct 25, 2019 11:35
SMM, October 25, Tianjin market zinc ingot mainstream transaction in 1874020100 yuan / ton, ordinary brand mainstream transaction in 18740-18880 / ton, the 1911 contract rose 60-120 yuan / ton, the rising water in Tianjin market slightly expanded from 30 yuan / ton to 50 yuan / ton.

SMM, October 25, Tianjin market zinc ingot mainstream transaction in 1874020100 yuan / ton, ordinary brand mainstream transaction in 18740-18880 / ton, the 1911 contract rose 60-120 yuan / ton, the rising water in Tianjin market slightly expanded from 30 yuan / ton to 50 yuan / ton. Refinery shipments are normal today. In the market, the circulation of goods tends to be loose. The quotation of the source of high-priced brand is concentrated in the vicinity of 100-120 yuan / ton for 11 contract, and the quotation for the source of ordinary brand is about 6090 yuan / ton for 11-liter water. Although the northern region of environmental protection production restrictions affect some of the downstream purchasing demand, but today the center of gravity of the disk is obvious, the shippers are more willing to ship, the rising water is also loose, superimposed on the northern haze dissipated high speed to return to normal, downstream bargain mining and buying contribution must be traded. On the whole, today's deal is better than yesterday's. Zi Zijin, Hongye, Bailing, Chi Hong, Xikuang, etc., were traded near 18740-18880 yuan / ton, and Zi Zijin, Chi Hong and Hongye were traded at 18690-18830 yuan / ton.

"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 to learn 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
Domestic Trading Weakens as Chinese New Year Approaches, SHFE Zinc Center Shifts Lower [SMM Zinc Morning Comment]
4 hours ago
Domestic Trading Weakens as Chinese New Year Approaches, SHFE Zinc Center Shifts Lower [SMM Zinc Morning Comment]
Read More
Domestic Trading Weakens as Chinese New Year Approaches, SHFE Zinc Center Shifts Lower [SMM Zinc Morning Comment]
Domestic Trading Weakens as Chinese New Year Approaches, SHFE Zinc Center Shifts Lower [SMM Zinc Morning Comment]
[SMM Zinc Morning Comment] Overnight, the most-traded SHFE zinc 2604 contract opened at 24,780 yuan/mt. At the beginning of the session, zinc prices briefly rose, touching a high of 24,800 yuan/mt, but then bears increased their positions, causing prices to fluctuate downward. By the end of the session, zinc hit a low of 24,510 yuan/mt, and finally closed down at 24,535 yuan/mt, falling 105 yuan/mt, a decline of 0.43%. Trading volume decreased to 26,540 lots, while open interest increased by 2,781 lots to 81,650 lots.
4 hours ago
LME Destocking Still Provides Support, LME Zinc Center Moves Higher [SMM Morning Meeting Minutes]
4 hours ago
LME Destocking Still Provides Support, LME Zinc Center Moves Higher [SMM Morning Meeting Minutes]
Read More
LME Destocking Still Provides Support, LME Zinc Center Moves Higher [SMM Morning Meeting Minutes]
LME Destocking Still Provides Support, LME Zinc Center Moves Higher [SMM Morning Meeting Minutes]
[SMM Morning Meeting Minutes: LME Destocking Still Provides Support, LME Zinc Center Rises] Futures: Overnight, the LME zinc contract opened at $3,392/mt. Initially, with bulls and bears intertwined, LME zinc briefly pulled back to a low of $3,368.5/mt. Subsequently, as bulls increased their positions, LME zinc fluctuated upward, reaching a high of $3,458.5/mt during the night session. However, due to insufficient upward momentum, the price center pulled back, ultimately closing up at $3,418/mt, an increase of $20/mt or 0.59%. Trading volume rose to 10,803 lots, and open interest increased by 4,800 lots to 235,000 lots.
4 hours ago
Zhongjin Mining Wins Exploration Rights for Fuxingtun Silver-Lead-Zinc Mine in Inner Mongolia Auction
18 hours ago
Zhongjin Mining Wins Exploration Rights for Fuxingtun Silver-Lead-Zinc Mine in Inner Mongolia Auction
Read More
Zhongjin Mining Wins Exploration Rights for Fuxingtun Silver-Lead-Zinc Mine in Inner Mongolia Auction
Zhongjin Mining Wins Exploration Rights for Fuxingtun Silver-Lead-Zinc Mine in Inner Mongolia Auction
[Metallurgical Enterprise Dynamics] On February 11, in an auction conducted on the Inner Mongolia Autonomous Region's natural resource online trading system, Zhongjin (Xing'an League) Mining Co., Ltd. won the exploration rights for "Detailed Survey of Area 1 of the Fuxingtun Silver-Lead-Zinc Polymetallic Mine in Horqin Right Wing Front Banner, Inner Mongolia Autonomous Region" with the highest bid of 7.87 billion yuan. The resource amount reviewed and filed as of 2020 is as follows: silver ore volume 26.292 million mt (silver metal content 5,105 mt (grade 194.17 g/mt)); associated zinc metal content 235,700 mt, lead metal content 135,200 mt, constituting a large-scale concealed deposit.
18 hours ago
October 25 Tianjin zinc spot news: disk decline rising water down today's trading is positive - Shanghai Metals Market (SMM)