Home / Metal News / Zinc / [SMM afternoon Review] Guangdong Zinc: the market is still holding up the price of spot shipments and rising water continues to rise.
[SMM afternoon Review] Guangdong Zinc: the market is still holding up the price of spot shipments and rising water continues to rise.
May 28,2020 11:52CST
translation
Source:SMM
SMM5 March 28: the mainstream transaction of Guangdong Zinc was 16260Mel 16400 yuan / ton, and the quotation was concentrated in the price increase of 140Muth170 yuan / ton for the Shanghai Zinc 2007 contract, and the discount of the Guangdong market was the same as that of the previous trading day.
The content below was translated by Tencent automatically for reference.

SMM5 March 28: the mainstream transaction of Guangdong Zinc was 16260Mel 16400 yuan / ton, and the quotation was concentrated in the price increase of 140Muth170 yuan / ton for the Shanghai Zinc 2007 contract, and the discount of the Guangdong market was the same as that of the previous trading day. In the first trading session, the price difference of the initial futures in the current month / the next month is large, the holder is still selling at a straight price, and the supply of Gaoshengshui goods is slightly closed, and the market quotes are mostly on the net price. Kirin and Mongolia are quoted at a price of 10 yuan / ton, while Tiefeng is 10 yuan / ton higher than the net price. Downstream, they just need to buy at a low price, and traders contribute to most market transactions. Kirin and Mongolia quoted a price of 150 yuan / ton for the July contract of Shanghai zinc. Tiefeng Shengshui 140Pak 150 yuan / ton. The second trading session, in the face of Gaoshengshui traders lack of willingness to receive goods, downstream procurement is also limited, while the holder will be more willing to ship at high prices, the market quotation has been loosened, but the overall transaction is not much. Kirin quoted zinc for Shanghai July contract up 150 yuan / ton, Tiefeng water 140 yuan / ton. Kirin, Tiefeng mainstream transaction at 16260MUR 16400 yuan / ton.

Scan the QR code in the picture to sign up for the lead-zinc summit and fill in the personal information on the last page. The meeting staff will contact you later!

Zinc

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news