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April 3 Guangdong zinc market news: insufficient market demand spot rising water weakening

iconApr 3, 2020 11:43
Source:SMM
SMM4, March 3: Guangdong zinc mainstream transaction in 15370-15440 yuan / ton, the quotation focused on the Shanghai zinc 2005 contract rose 10-60 yuan / ton, Guangdong market compared with Shanghai stock market discount 80 yuan / ton narrower than the previous trading day 30 yuan.

SMM4, March 3: Guangdong zinc mainstream transaction in 15370-15440 yuan / ton, the quotation focused on the Shanghai zinc 2005 contract rose 10-60 yuan / ton, Guangdong market compared with Shanghai stock market discount 80 yuan / ton narrower than the previous trading day 30 yuan. In the first trading period, individual cardholders bid higher in the water trial quotation stage, but there was no deal in the high water market, some of the cardholders quoted loosely, and a small number of transactions were completed in the market. Kirin, Mengzi, Huize and Tiefeng quoted prices for the Shanghai zinc May contract by 30-60 yuan / ton. In the second trading session, futures prices fluctuated near recent highs, insufficient procurement demand downstream, and the willingness of traders to receive goods was also limited. in order to realize the realization of shipments, the holders continued to lower the prices for shipment, and the rising water fell back more obviously. most of the market transactions are contributed by traders. Kirin, Mengzi, Huize and Tiefeng quoted 10-20 yuan per ton for the May contract. Qilin, Mengzi, Huize, Tiefeng mainstream transaction in 15370-15440 yuan / ton.

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