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April 2 Guangdong zinc market news: the holder offered a strong offer for the futures to rise in the following month
Apr 2,2020 11:52CST
translation
Source:SMM
SMM4 2: Guangdong zinc mainstream transaction in 15000-15240 yuan / ton, the quotation focused on the Shanghai zinc 2005 contract rose 30-60 yuan / ton, the Guangdong market compared with the Shanghai stock market discount 10 yuan / ton narrower than the previous trading day.
The content below was translated by Tencent automatically for reference.

SMM4 2: Guangdong zinc mainstream transaction in 15000-15240 yuan / ton, the quotation focused on the Shanghai zinc 2005 contract rose 30-60 yuan / ton, the Guangdong market compared with the Shanghai stock market discount 10 yuan / ton narrower than the previous trading day. In the first trading session, the market tax reduction expectations, coupled with the widening price difference between the current month and the next month, the holder continued to offer for shipment, part of the transaction floating 10 yuan in the net price, the overall trading is OK, Kirin, Mengzi, Huize, Tiefeng quotation on the Shanghai zinc May contract rose 4060 yuan / ton. The second trading period, after the net price is determined, the market trading has cooled down, individual holders have increased their willingness to ship in rising water, and the quotation has been lowered, but the market is still relatively strong in the expectation of reducing taxes, and the willingness to ship at low prices is not high, and the market supply and demand is general. Kirin, Mengzi, Huize and Tiefeng quoted 30-40 yuan per ton for the May contract. Qilin, Mengzi, Huize, Tiefeng mainstream transaction in 15000-15240 yuan / ton.

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