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April 9 Guangdong zinc market news: the market shipment volume is larger than the demand obviously
Apr 9,2020 11:46CST
translation
Source:SMM
SMM4 9: Guangdong zinc mainstream transaction in 15560-15680 yuan / ton, the offer focused on Shanghai zinc 2005 contract discount 10-20 yuan / ton, Guangdong market compared with Shanghai stock market discount 90 yuan / ton narrower than the previous trading day 10 yuan.
The content below was translated by Tencent automatically for reference.

SMM4 9: Guangdong zinc mainstream transaction in 15560-15680 yuan / ton, the offer focused on Shanghai zinc 2005 contract discount 10-20 yuan / ton, Guangdong market compared with Shanghai stock market discount 90 yuan / ton narrower than the previous trading day 10 yuan. In the first trading period, the shipments of the shippers were relatively positive, and some of the shippers took the initiative to lower the prices, a small number of transactions between traders, and a small number of purchases downstream. Kirin, Mengzi, Huize and Tiefeng quoted prices for the Shanghai zinc May contract discount of 10-20 yuan / ton. The second trading period, downstream in the case of falling orders, the purchase volume is limited, the market shipment traders are more, the supply exceeds the demand obviously, the market transaction gradually tilts to the low discount price. Kirin, Mengzi, Huize and Tiefeng offer 20 yuan / ton to the May contract. Qilin, Mengzi, Huize, Tiefeng mainstream transaction in 15560-15680 yuan / ton.

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