SMM5 March 6 Shanghai Zinc Ingot spot

Published: May 6, 2020 11:33
SMM, May 6: Shanghai Zinc mainstream transaction in 16610-16710 yuan / ton, Shuangyan, Chi Hong in 16630-16730 yuan / ton; Shuangyan, Chi Hong in May reported water 110-120 yuan / ton quotation; Shuangyan, Chihong reported water 130-140 yuan / ton in May; Zinc mainstream transaction in 16540-16640 yuan / ton.

SMM, 6 May:

Shanghai Zinc mainstream transaction in 16610-16710 yuan / ton, Shuangyan, Chi Hong in 16630-16730 yuan / ton; Shuangyan and Chi Hong quoted price of 110-120 yuan / ton in May; Shuangyan and Chihong reported 130-140 yuan / ton in May; Zinc mainstream transaction in 16540-16640 yuan / ton. Shanghai Zinc 2005 contract accelerated higher, closing at 16320 yuan / ton in the morning. After the festival, zinc prices rose, smelter shipments were normal, the market was dominated by shipments, domestic prices in the morning market rose to 110-120 yuan / ton, Shuangyan reported 150-160 yuan / ton, transaction feedback was relatively limited, domestic transactions with average prices or average prices rose more smoothly, because the disk went too high, downstream fear high wait-and-see, to downstream consumption-based Shuangyan, Huize quotation appeared down. The actual transaction is about 130-140 yuan / ton, the domestic quotation remains stable, the import volume is still less, the mainstream reported water 80 yuan / ton, and the domestic price difference is limited and the downstream buying is weak, the transaction is not good, the transaction between intra-day trading firms is relatively more active, the overall transaction is slightly cooler than before the festival.

Qiao brand

Transaction interval

2005

Shuangyan and Chi Hong

16630-16730

130-140

Qin Zinc and Yuguang

16610-16710

110-120

Belgium, Spain

16570-16680

80

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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