May 8 Guangdong zinc ingots in stock

Published: May 8, 2020 11:51

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SMM5 March 8: Guangdong Zinc mainstream traded at 16820 million 16960 yuan / ton, the quotation concentrated on the Shanghai zinc 2006 contract price up 25mur50 yuan / ton, the Guangdong market discount than the Shanghai stock market 110yuan / ton than the previous trading day increased by 10 yuan.

SMM5 8: Guangdong zinc mainstream transaction in 16820-16960 yuan / ton, the quotation focused on the Shanghai zinc 2006 contract rose 25-50 yuan / ton, Guangdong market than Shanghai stock market discount 10 yuan / ton than the previous trading day. In the first trading period, futures prices fluctuate, downstream high prices have a poor willingness to purchase, holders meet high shipping enthusiasm to enhance, the net price down 10 yuan transaction is OK, but most of the transactions between traders. Individual brands offer lower prices and put pressure on rising water. Kirin, Mengzi, Huize and Tiefeng quoted 30-50 yuan / ton for Shanghai zinc June contract and 10-20 yuan / ton for flying dragon. In the second trading period, the price is still on the strong side, downstream procurement has not improved, traders press the price to receive, but the spot price on the futures contract discount, the range of price adjustment is limited, overall, the market as a whole. Kirin, Mengzi, Huize and Tiefeng quoted 25-30 yuan per ton for the June contract. Kylin, Mengzi, Huize, Tiefeng mainstream transaction in 16820-16960 yuan / ton.

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