April 2 Tianjin Zinc spot News: Tianjin rising water is expected to further increase downstream to maintain the need for procurement under the tax reform.

Published: Apr 2, 2020 11:44

SMM4, March 2:

The mainstream transaction of zinc ingots in Tianjin market was 15220-16820 yuan / ton, and that of ordinary brands was 15220-15300 yuan / ton. The 2004 contract rose 60 yuan / ton to 100 yuan / ton. Compared with Shanghai market, Tianjin market maintained a discount of 30 yuan / ton to 10 yuan / ton. Today, Shanghai zinc low shock upward, 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 80 yuan / ton near, Chi Hongbao in the 04 contract quotation 60 yuan / ton near, the high price brand Zijin to the April contract quotes 100 yuan / ton near. Today, traders continue to raise discount quotations, some traders still have hoarding gambling tax reform expectations, superimposed smelters due to the long delivery of long orders at the beginning of the month led to less goods in circulation in the market, the downstream side, is gradually recovering, there are still some employees of downstream enterprises are in a state of isolation, at present, they just need to purchase. On the whole, the transaction today is flat compared with yesterday. The transaction of zinc ingot is near 1517015250 yuan / ton.

Brand name

Liter water

Chihong

460

Red Ye

480

Lark

480

Purple gold

4x 100

Huludao

4x 1620

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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