May 7 Guangdong zinc ingots in stock

SMM5 7: Guangdong zinc mainstream transaction in 16660-16730 yuan / ton, quotation focused on Shanghai zinc 2006 contract up 20-60 yuan / ton, Guangdong market than Shanghai stock market discount 2006 yuan / ton narrower than the previous trading day 10 yuan. The first trading period, futures high shock, the initial market is still high price shipment, but downstream on the high water and zinc price acceptance is poor, traders also press the price to accept the goods, some of the holders began to adjust the price delivery, part of the supply network price down 10 yuan transaction, Kirin, Mengzi, Huize, Tiefeng quotation of Shanghai zinc June contract rose 30-60 yuan / ton. In the second trading session, futures prices changed little, downstream procurement was still limited, holders' willingness to ship at high prices increased, spot prices continued to fall, and market transactions improved slightly, but transactions between traders were still dominant. Kirin, Mengzi, Huize and Tiefeng quoted 20-40 yuan per ton for the June contract. Kylin, Mengzi, Huize, Tiefeng mainstream transaction in 16660-16730 yuan / ton.

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