October 31 Guangdong zinc market news: disk downward discount failed to narrow

Published: Oct 31, 2019 11:36

Save

SMM10 31: Guangdong zinc mainstream transaction in 18880-18920 yuan / ton, quotation focused on Shanghai zinc 1912 contract discount 30-40 yuan / ton, Guangdong market than Shanghai stock market discount maintained at 70 yuan / ton.

SMM10 31 June news: Guangdong 0 # zinc mainstream transaction in 1888 18920 yuan / ton, the quotation focused on the Shanghai zinc 1912 contract discount 30-40 yuan / ton, Guangdong market than Shanghai market discount maintained at 70 yuan / ton. The refinery shipment is normal, the market supply circulation is more abundant. In the morning, the quotation of the holder is more scattered, some of the quotations are around 10 yuan / ton for the 12 contracts, and some are around 30 to 40 yuan / ton for the 12 contracts, and the market transactions are more concentrated in the low price discount. After entering the second trading period, the willingness of traders to push forward is still strong, mainly due to the decline in the disk, the quotation is concentrated on the 12 contracts pasted 30 yuan / ton, the consignee is willing to paste 40 yuan / ton to 12 contracts to receive goods, the overall transaction of the market has been diluted in the second period. On the whole, it was basically flat compared with the day before. 0# Kirin, Cishan, Tiefeng, Mengzi mainstream transactions in 1880 18920 yuan / ton.

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

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

Zinc

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

12 hours ago

Fatal accident at Korea Zinc's Onsan smelter involved the roasting-system area; output impact remains to be seen

On Sept 16, a fatal fall took the life of a subcontractor worker during roof work at Plant 2 of Korea Zinc's Onsan smelter in Ulsan, South Korea. The incident occurred on the roof of the condenser room, part of the roasting and sulphuric-acid system at the front end of the zinc flowsheet, while a ventilation fan was being installed. The accident arose from exterior construction work and did not damage the main smelting equipment. However, if the roasting-acid system is taken offline, the zinc roasters cannot sustain normal operation. No production cut, maintenance shutdown or suspension notice has been issued, and investigations are under way. Whether a work-stoppage order will be issued — and how broad its scope would be — and whether the company voluntarily halts the affected system for inspection remain unknown; the output impact is therefore uncertain. As a very rough sensitivity reference based on the smelter's nameplate capacity of roughly 640,000 t/y, a 3-7 day shutdown would imply a volume impact on the order of several thousand tonnes — but this is an order-of-magnitude estimate only, and the actual impact depends on the scope and duration of any inspection-related halt. Coming in a year when several overseas smelters (Nexa's Cajamarquilla, Glencore's Kazzinc and Young Poong's Seokpo) have already been disrupted amid a tight global refined-zinc market, the incident may lend short-term bullish sentiment to zinc, while the actual impact on output requires continued monitoring.

12 hours ago

13 hours ago

Rate Hike Lands, Macro Pressure Persists; China Destocking Supports SHFE Zinc to Rebound from Lows [SMM Zinc Futures Commentary]

[Rate Hike Lands, Macro Pressure Persists; China Destocking Supports SHFE Zinc's Rebound from Lows] In the daytime session, the SHFE zinc 2611 contract opened at 26,080 yuan/mt, dipped to 25,970 yuan/mt in early trading, then consolidated and rebounded, reaching a high of 26,335 yuan/mt near the close before settling at 26,280 yuan/mt, up 95 yuan/mt, or 0.36%. Trading volume increased to 64,810 lots, while open interest decreased by 1,860 lots to 124,000 lots......

13 hours ago

14 hours ago

Data: SHFE, DCE market movement (Sep 17)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 17 Sep , 2026

14 hours ago