Home / Metal News / Zinc / [SMM afternoon Review] Guangdong Zinc: the demand has not improved and the market transaction is mediocre.
[SMM afternoon Review] Guangdong Zinc: the demand has not improved and the market transaction is mediocre.
Jul 1,2020 12:01CST
translation
Source:SMM
SMM7 March 1: the mainstream transaction of Guangdong Zinc was 16720 million 16820 yuan / ton, and the quotation was concentrated on the price rise of 40 yuan / ton for the Shanghai zinc 2008 contract, and the discount of 80 yuan / ton for the Guangdong market compared with the Shanghai market was 30 yuan lower than that of the previous trading day.
The content below was translated by Tencent automatically for reference.

SMM7 March 1: the mainstream transaction of Guangdong Zinc was 16720 million 16820 yuan / ton, and the quotation was concentrated on the price rise of 40 yuan / ton for the Shanghai zinc 2008 contract, and the discount of 80 yuan / ton for the Guangdong market compared with the Shanghai market was 30 yuan lower than that of the previous trading day. The first trading session, although the price center of gravity has moved down compared with yesterday, but the overall price is still on the high side, it is difficult to attract downstream to increase procurement, holders in the lack of buying support, coupled with the narrowing of the futures monthly difference, the market is difficult to raise the quotation for the next month. Kirin, Mengzi, Huize and Danxia quoted water for the Shanghai zinc contract for August, rising 30 yuan / ton for the Shanghai zinc contract and 2030 yuan / ton for Tiefeng. In the second trading session, traders mainly buy at a low price, but the price is too low, the willingness of the holder to ship goods decreases, the supply and demand sides show a slight stalemate, and the market transaction is general. Kirin, Mengzi, Lan Zinc quoted price for Shanghai zinc contract in August rose 35mur40 yuan / ton, Tiefeng water rose 20 yuan / ton. Kirin, Huize, Mengzi, Tiefeng, Feilong mainstream transactions in 16720Mui 16820 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