October 30 Guangdong zinc market news: weak downstream demand traders trading stalemate

Published: Oct 30, 2019 11:29

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SMM10 30: Guangdong zinc mainstream transaction in 19040-19090 yuan / ton, quotation focused on Shanghai zinc 1912 contract discount 30-40 yuan / ton, Guangdong market compared with Shanghai stock market discount narrowed from 80 yuan / ton to 70 yuan / ton. Refinery shipments are normal, the market supply circulation is more abundant. In the morning, the quotation of the holder focused on the discount of 30 yuan / ton to the 12 contract, and some of the holders were willing to offer a strong offer, which was reported near 10 yuan / ton for the 12 contract, but few transactions were concluded. Entering the second trading period, the consignee is willing to receive about 40 yuan / ton on the 12 contract, and most of them are traders, and the shippers are still willing to offer 30 yuan / ton to the 12 contract. Due to the gradual dilution of orders in the downstream, the willingness to receive the goods is obviously worse, and the trading between traders is relatively deadlocked. Yi Qilin, Cishan, Tiefeng, Mengzi mainstream transactions in 1904019090 yuan / ton near.

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