SMM10 28 Shanghai spot: zinc price volatility strengthened market trading margin

SMM, 28 October:

The mainstream transaction of zinc in Shanghai was 1907019140 yuan / ton, and that of Shuangyan was 1908019160 yuan / ton, that of zinc was 60-70 yuan / ton in November, that of Shuangyan was 80 yuan / ton in November, and that of zinc was 19000-19070 yuan / ton. Shanghai zinc 1911 shock upward, the first trading session in the morning closed at 19015 yuan / ton. In the first trading session, the morning holder quoted 90 yuan / ton on the 1911 contract, while the mainstream quotation in the market was flat on SMM, but the transaction was very few, the spot rising water was reduced to 80 yuan / ton to 1911 liter water; in the second trading period, the zinc price continued to be strong, holding the stock further lowered the rising water quotation, the 1911 contract rose 60-70 yuan / ton; the second trading period, the zinc price continued the strong market, the holding further lowered the rising water quotation, to the 1911 contract rose 60-70 yuan / ton; Enter this week, due to the lack of monthly problems coupled with the end of long single delivery, spot rising water quickly down, and today with the rapid rise in zinc prices, downstream mining and buying mood is low, mostly wait-and-see, today's market trading is poor.

Qiao brand

Transaction interval

1911

Huize

19110-19180

Water 100-110

Double swallow

1908019160

Rising water 80

Qin Zinc, Kirin, Yuguang, Jiulong

1907019140

Liter 60-70

India, SMC

19060-19130

Water 50-60

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

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