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SMM10 30 Shanghai spot: zinc price high shock spot rising water shows a certain degree of resistance
Oct 30,2019 11:41CST
translation
Source:SMM
SMM, Oct. 30: Shanghai Zinc mainstream transaction in 19110-19170 yuan / ton, Shuangyan transaction in 19110-19180 yuan / ton; Shuangyan ordinary to November water 50-60 yuan / ton; Shuangyan to November reported water 60 yuan / ton; Shuangyan mainstream transaction in 19040-19100 yuan / ton.
The content below was translated by Tencent automatically for reference.

SMM, 30 October:

The mainstream transaction of zinc in Shanghai was 19110-19170 yuan / ton, and that of Shuangyan was 19110-19180 yuan / ton, that of zinc was 50-60 yuan / ton in November, that of Shuangyan was 60 yuan / ton in November, and that of zinc was 190-19100 yuan / ton. Shanghai Zinc 1911 fell back, closing at 19050 yuan / ton in the first trading session in the morning market. In the first trading period, some cardholders quoted 60 yuan / ton on the 1911 contract, while the mainstream quoted price on SMM net was 5-10 yuan / ton, but the transaction was very few, the spot rising water was reduced to 60 yuan / ton to 1911 liters, and some holders quoted 5-10 yuan / ton on the average price of SMM net. In the second trading session, the low price of zinc fluctuated, and a small number of holders quoted up to 50 yuan / ton for the 1911 contract. However, the market actively closed down the source of rising water, stabilized the rise and fall of spot water, and finally reported 60 yuan / ton to the 1911 contract. Zinc price high shock, downstream is still afraid of high cautious mining, spot water is still in the doldrums, but the current spot water of 50 yuan / ton receiving situation is still good.

0# brand

Transaction interval

1911

Huize

19140 to 19210

Rising water 90

Double swallow

19110-19180

Rising water 60

Qin Zinc, Kirin, Yuguang, Jiulong

19110-19170

Water 50-70

SMC, India

19100-19160

40 to 50 liters


 

 

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