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[SMM afternoon Review] Guangdong Zinc: warehouse receipt supply continues to flow out to put pressure on spot rising water prices
May 29,2020 11:46CST
translation
Source:SMM
SMM5 March 29: the mainstream of Guangdong zinc traded at 16290mi 16400 yuan / ton, and the quotation concentrated on 115muri 140 yuan / ton for the Shanghai zinc 2007 contract, and the discount on the Guangdong stock market was 130 yuan / ton lower than that of the previous trading day, which was 20% lower than that of the previous trading day.
The content below was translated by Tencent automatically for reference.

SMM5 March 29: the mainstream of Guangdong zinc traded at 16290mi 16400 yuan / ton, and the quotation concentrated on 115muri 140 yuan / ton for the Shanghai zinc 2007 contract, and the discount on the Guangdong stock market was 130 yuan / ton lower than that of the previous trading day, which was 20% lower than that of the previous trading day. In the first trading session, the price rebounded slightly, and the downstream purchase volume was limited, while the outflow of goods from the market warehouse receipts resulted in an increase in the amount of money that could flow. The holder realized the goods for shipment, and the overall quotation was lower than yesterday. Kirin quoted a price for the July contract for zinc in Shanghai, which was 130 RMB140 / ton and Tiefeng 120 RMB / ton. In the second trading session, traders buy at lower prices, but the holders are not willing to further reduce prices, the market trading slightly stalemate, the market a small number of transactions. Kirin quotes the July contract for zinc in Shanghai to rise 130 yuan / ton and Tiefeng 120 yuan / ton. Kirin, Tiefeng mainstream transaction at 16290mur16400 yuan / ton.

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