Home / Metal News / April 1 Tianjin Zinc spot News: Tianjin rising water is expected to further increase downstream to maintain the need for procurement under the tax reform.

April 1 Tianjin Zinc spot News: Tianjin rising water is expected to further increase downstream to maintain the need for procurement under the tax reform.

iconApr 1, 2020 11:45
Source:SMM

SMM4, January 1:

The mainstream transaction of zinc ingots in Tianjin market was 15250-16860 yuan / ton, and that of ordinary brands was 15250-15360 yuan / ton. The contract for 2004 rose from 10 yuan / ton to 80 yuan / ton. Compared with Shanghai stock market, Tianjin market maintained a discount of 50 yuan / ton to 30 yuan / ton. Today, Shanghai zinc fell after the shock, the spot market to raise the discount quotation, the quotation is more unified, the ordinary brand red Ye lark and so on in the 04 contract quotation 50 yuan / ton near, Chi Hong reports in the 04 contract quotation 10 yuan / ton near, the high price brand Zijin to the April contract bid 80 yuan / ton near. Traders continued to raise their discount quotations today as some traders hoarded large quantities of goods in anticipation of tax and fee cuts in the future, while downstream zinc prices and discounts remained high and just needed to be procured. Overall, today's transactions are still mostly between traders, and downstream trading situation is slightly better than yesterday. The transaction of zinc ingot is near 15200-15310 yuan / ton.

Brand name

Liter water

Chihong

4 / 10

Red Ye

4 x 50

Lark

4 x 50

Purple gold

480

Huludao

440 1580

Zinc

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