SMM4 March 2 Ningbo Zinc Ingot spot: market supply Circulation tight low Price Source Purchasing is better

Published: Apr 02, 2020 11:43 (GMT+8)
SMM, April 2: Ningbo mainstream transaction in 15220-15380 yuan / ton, ordinary brands on the 2004 contract rose 110-130 yuan / ton, Ningbo compared with Shanghai ordinary brand price spread increased from 40 yuan / ton to 50 yuan / ton yesterday.

SMM, April 2-

The mainstream transaction in Ningbo was 15220-15380 yuan / ton, the ordinary brand rose 110-130 yuan / ton to the 2004 contract, and the price difference between Ningbo and Shanghai ordinary brand widened from 40 yuan / ton to 50 yuan / ton yesterday. The supply of low-priced goods may have been smoother yesterday, and the circulation of the last air cargo today was tighter than that of yesterday. Morning holders continued yesterday's offer, Western Mining News rose 110 yuan / ton in April, Tiefeng newspaper rose 130 yuan / ton on the April contract, which is slightly higher than the ordinary mainstream brand, the main reason is less supply; in addition, some Kirin underreported in the April contract rose 120 yuan / ton, the transaction situation is relatively good. Overall, the first period of the market willingness to buy is OK, the second period of the rapid expansion of the market, the market enthusiasm for rapid decline. The overall transaction was worse than yesterday.

Brand name

Liter water

Kirin

4x 120

Iron peak

440 130

West mine

4x 110

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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.

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