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[SMM afternoon Review] Zinc in Guangdong: the market price is weak and the rising water does not change much.
Jul 2,2020 11:53CST
translation
Source:SMM
SMM7 March 2: Guangdong Zinc mainstream traded at 16680, 16750 yuan / ton, and the quotation concentrated on the price rise of 40 yuan / ton for the Shanghai zinc 2008 contract, and the discount of 110 yuan / ton for the Guangdong stock market was 30 yuan higher than that of the previous trading day.
The content below was translated by Tencent automatically for reference.

SMM7 March 2: Guangdong Zinc mainstream traded at 16680, 16750 yuan / ton, and the quotation concentrated on the price rise of 40 yuan / ton for the Shanghai zinc 2008 contract, and the discount of 110 yuan / ton for the Guangdong stock market was 30 yuan higher than that of the previous trading day. In the first trading session, the center of gravity of futures prices has moved down, but under the condition that the terminal order has not been improved, the downstream still needs to purchase less, the market demand in general is weak, and the market is still active in shipments. Kirin, Mengzi, Huize and Danxia quoted water for the Shanghai zinc contract for August, rising 30 yuan / ton for the Shanghai zinc contract and 20 for 30 yuan / ton for Tiefeng. In the second trading session, the market turnover did not improve, and traders mainly depressed prices, but the motivation to further reduce prices was insufficient, and the overall transaction was mediocre. Kirin, Mengzi, Blue Zinc quoted for the Shanghai zinc August contract rose 30 yuan / ton, Tiefeng water rose 20 yuan / ton. The mainstream transactions of Kirin, Huize, Mengzi, Tiefeng and Feilong were 16680mi 16750 yuan / ton.

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