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[SMM afternoon Review] Tianjin Zinc: spot prices have fallen sharply, downstream enterprises receiving goods are significantly better than in the previous period.
May 22,2020 11:45CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM5 March 22:

The mainstream turnover of zinc ingots in Tianjin market was 16610mur17680 yuan / ton, while that of ordinary brands was 16610mur16690 yuan / ton. For the 2006 contract, the price of rising water was around 200yuan / ton to 260yuan / ton. Compared with Shanghai stock market, the price of rising water in Tianjin rose from 50 yuan / ton to about 70 yuan / ton. Today, the decline of Shanghai zinc expanded, the spot market maintained a rising discount price, and the price was more divergent. The ordinary brand Bering quoted a rise of 210 yuan / ton for the 06 contract, and Hongyi quoted a rise of 230 yuan / ton for the 06 contract. Chi Hong quoted a rise of 200 yuan / ton for the 06 contract, and the high-priced brand Zijin quoted a rise of 260 yuan / ton for the June contract. Today, the decline in zinc prices widened, and traders slightly raised their discount quotations, with some traders and refineries more willing to raise prices and higher rising prices. Downstream, after a sharp drop in spot prices in Tianjin today, the willingness of downstream enterprises to take goods has obviously improved, and it is better to replenish inventory at lower prices. On the whole, today's transaction is significantly better than that of a few days ago. Zinc ingots traded at around 16560 RMB16640 per ton.

Brand

Lift and discount

Chi Hong

Hong Ye

6: 230

Lark

6: 210

Purple gold

6: 260

Huludao

6: 1250

Zinc

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