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[SMM afternoon Review] Guangdong Zinc: the monthly difference widens & the price falls and the consignor raises the shipment of rising water.
May 27,2020 11:49CST
translation
Source:SMM
SMM5 March 27: Guangdong Zinc mainstream traded at 16390 Mel 16490 yuan / ton, the quotation concentrated on the Shanghai Zinc 2007 contract rising 100 million yuan / ton, and the Guangdong market discount of 150 yuan / ton compared with the previous trading day was 20 yuan lower than the previous trading day.
The content below was translated by Tencent automatically for reference.

SMM5 March 27: Guangdong Zinc mainstream traded at 16390 Mel 16490 yuan / ton, the quotation concentrated on the Shanghai Zinc 2007 contract rising 100 million yuan / ton, and the Guangdong market discount of 150 yuan / ton compared with the previous trading day was 20 yuan lower than the previous trading day. In the first trading session, Guangdong's arrival volume is still relatively small, market inventory continues to decline, holders are still mainly shipping at positive prices, individual traders are also active in purchasing, and downstream is just in need of purchasing. Kirin quoted a price of 120 yuan / ton for the July contract for zinc in Shanghai, while Tiefeng's water rose to 110 yuan / ton for Tiefeng. In the second trading session, the futures price spread widened between the current month and the next month, coupled with lower futures prices, holders further raised the level of water delivery, downstream bargain purchases slightly increased, traders in the face of rising water procurement enthusiasm declined. Kirin quotes the July contract for zinc in Shanghai to rise 120 RMB130 / ton and Tiefeng 120 RMB / tonne. Kirin and Tiefeng mainstream traded at 16390 RMB16490 per ton.

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