[SMM afternoon Review] the futures price first fell and then rose and then returned to yesterday's price. The spot market has a cold deal.

Published: Jul 1, 2020 11:39

SMM7, March 1:

On the spot market, today's quotation is 138000 RMB140500 per ton. The Shanghai market first suppressed and then rose in the morning, gradually approaching yesterday's morning price, and the spot price was flat. The price is still in a high position, downstream delivery is more cautious, just need to purchase. Traders shipped a small amount in the morning, then the price rose and the transaction became light. The overall transaction atmosphere in the spot market is weak. With regard to the liter discount, the Shanghai tin 2008 contract set Yunxi Shengshui 2000 RMB2500 / ton, the ordinary Yunzi Shengshui 1000 RMB1500 / ton, and the small brand near Pingshui.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn