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[SMM afternoon Review] Shanghai Zinc: spot quotation stalemate downstream maintain on-demand procurement
Jul 2,2020 11:34CST
translation
Source:SMM
SMM7 March 2: Shanghai Zinc mainstream traded at 16780 RMB16830 per ton, Shuangyan and Chihong at 16890 RMB16920 per ton; Zinc in Shanghai was generally quoted as 75MZ 80 yuan / ton in July; Shuangyan and Chihong reported water at 90Mub 100 yuan / ton in July; and Zinc mainstream traded at 16720 RMB16760 / ton.
The content below was translated by Tencent automatically for reference.

SMM7, March 2:

The mainstream turnover of zinc in Shanghai was 16780 RMB16830 / ton, while that of Shuangyan and Chihong was 16890 RMB16920 / ton. Shuangyan and Chihong reported a liter of 75 RMB80 / ton in July, Shuangyan and Chihong reported a litre of 90 RMB100 / ton in July, and Shuangyan and Chihong traded 16720 RMB16760 / ton. The Shanghai Zinc 2007 contract fluctuated within a narrow range, and the morning market closed at 16755 yuan / ton. The smelter shipped normally, and traders mainly shipped. The intra-day market quotation held steady at about 80 yuan / ton of water quoted yesterday, and some traders in the morning market quickly dumped goods at a low price of 75 yuan / ton, but the market was not willing to follow the adjustment and was still deadlocked at about 80 yuan / ton, while the downstream maintained on-demand procurement whenever it fell, the circulation of imported zinc in the market decreased gradually, and the quotation remained stable at about 5060 yuan / ton. The overall turnover within the day has not changed much from that of yesterday.

"Brand"

Transaction interval

2007

Shuangyan and Chihong

16800Mak 16840

90What 100

Qin Zinc and Yuguang

16780Mutual 16830

75Mutual 80

SMC 、 YP 、 KZ

16760Mutual 16800

50 murals 60

Zinc
in the afternoon

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