[SMM afternoon Review] Guangdong Zinc: the overall transaction in the shipping market is poor.

Published: May 26, 2020 11:47

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SMM5 March 26: Guangdong Zinc mainstream traded at 16330mur16470 yuan / ton, the quotation concentrated on the Shanghai zinc 2007 contract up 90muri 110 yuan / ton, and the Guangdong market discount of 170yuan / ton was 10 yuan higher than that of the previous trading day. In the first trading session, futures rose and fell back, and the market standing price was strong. The holder reported a difference of about 10 yuan between the current month and next month's ticket, and the downstream just needed a small amount of purchase, and the market transaction was limited. Kirin quoted a price for the July contract of zinc in Shanghai to rise 100 won per ton, while Tiefeng rose 90100 per ton. The second trading session, after the network price pricing, the holder is still relatively strong shipments, but traders in the face of rising water procurement demand in general, downstream procurement is also weak, the market transaction is poor. Kirin quotes the July contract for zinc in Shanghai to rise 110 yuan / ton, while Tiefeng liter water 100ml 110 yuan / ton. The mainstream transactions of Kirin, Mengzi, Huize, Tiefeng and Feilong were 16330 RMB16470 per ton.

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