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[SMM afternoon Review] Guangdong Zinc: some of the supply prices are lower and the performance of rising water in the pressurized market
May 25,2020 11:47CST
translation
Source:SMM
SMM5 March 25: Guangdong Zinc mainstream traded at 16280Mut 16460 yuan / ton, the quotation concentrated on the Shanghai Zinc 2007 contract up 80 RMB120 / ton, and the Guangdong market discount of 160RMB / ton was 10 yuan higher than that of the previous trading day.
The content below was translated by Tencent automatically for reference.

SMM5 March 25: Guangdong Zinc mainstream traded at 16280Mut 16460 yuan / ton, the quotation concentrated on the Shanghai Zinc 2007 contract up 80 RMB120 / ton, and the Guangdong market discount of 160RMB / ton was 10 yuan higher than that of the previous trading day. In the first trading session, Guangdong inventory continued to decline, the price quoted by the consignor was relatively strong, individual brands quoted lower pressure prices, and the downstream purchased mainly at low prices, and the market transaction was OK. Kirin, Huize, Mengzi quoted water for the Shanghai zinc contract for July, 110murl 120 yuan / ton, and Tiefeng rose water 90,100 yuan / ton. In the second trading session, the external quotation of resources in the market in that month was relatively strong, and the quotations of individual holders for next month's tickets were on the low side, pressuring the performance of the market, and with the rebound of zinc prices, downstream procurement demand declined, and the overall market trading cooled. Kirin, Mengzi and Huize quoted for the July contract of zinc in Shanghai, the price of rising water is 80murl 110 yuan / ton, and Tiefeng and Feilong Shengshui is 80mur95 yuan / ton. The mainstream transactions of Kirin, Mengzi, Huize, Tiefeng and Feilong were 16280mi 16460 yuan / ton.

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