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May 11. 12 Guangdong zinc ingots in stock
May 12,2020 11:51CST
translation
Source:SMM
SMM5 12: Guangdong zinc mainstream transaction in 16850-16960 yuan / ton, quotation focused on Shanghai zinc 2006 contract water sticking water 20 yuan / ton to 40 yuan / ton, Guangdong market compared with Shanghai stock market discount 120 yuan / ton than the previous trading day expanded by 10 yuan / ton.
The content below was translated by Tencent automatically for reference.

SMM5 12: Guangdong zinc mainstream transaction in 16850-16960 yuan / ton, quotation focused on Shanghai zinc 2006 contract water sticking water 20 yuan / ton to 40 yuan / ton, Guangdong market compared with Shanghai stock market discount 120 yuan / ton than the previous trading day expanded by 10 yuan / ton. In the first trading period, at the initial stage, some of the holder warehouse receipt resources quoted higher, and in addition, the spot quotation was also relatively high, but the market demand was relatively poor, the traders pressed the price and received the goods, and the market net price fell by 10 yuan. Some traders worried that it was difficult to maintain the rising water of the 06 contract after delivery and exchange months, and mainly positive shipments, and began to lower the rising water quotation one after another, and the market wait-and-see mood was strong. Huize, Tiefeng offer to Shanghai zinc June contract 0-40 yuan / ton, Fei Longsheng discount 20 yuan / ton. The second trading session, the downstream bargain just need to purchase, the demand is limited, the holder continues to reduce the price of shipments, traders enter the market at low prices, spot opened to 06 contract discount deal. Kirin, Mengzi, Huize, Tiefeng offer to the June contract discount 10 yuan / ton to Pingshui, Tiefeng discount 10-20 yuan / ton. The mainstream of Kylin, Mengzi, Huize and Tiefeng traded at 16850 RMB16960 per ton.

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