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[SMM afternoon Review] Guangdong Zinc: there is a stalemate between supply and demand in the market.
Jul 3,2020 11:46CST
translation
Source:SMM
SMM7 March 3: the mainstream transaction of Guangdong Zinc was 16700mur16770 yuan / ton, and the quotation was concentrated on the price rise of 1040 yuan / ton for the Shanghai zinc 2008 contract, and the discount of 90 yuan / ton for the Guangdong market was 20 yuan lower than that of the previous trading day.
The content below was translated by Tencent automatically for reference.

SMM7 March 3: the mainstream transaction of Guangdong Zinc was 16700mur16770 yuan / ton, and the quotation was concentrated on the price rise of 1040 yuan / ton for the Shanghai zinc 2008 contract, and the discount of 90 yuan / ton for the Guangdong market was 20 yuan lower than that of the previous trading day. In the first trading session, futures prices fluctuated in a narrow range, the price center of gravity moved upward as a whole, and there was insufficient willingness to purchase downstream. This week, the market arrival increased, the pressure of shipments from the holders was greater, the spot rising water showed a low level, and the transaction between market traders was mainly done. Kirin, Mengzi, Huize and Danxia quoted prices for the Shanghai zinc contract in August, which rose 20 won 40 yuan / ton, and Tiefeng rose 1030 yuan / ton. In the second trading session, traders mainly buy at low prices, but the price is too low, the willingness to ship goods decreases, the supply and demand sides show a slight stalemate, and the overall market transaction is general. Kirin, Mengzi, Lan Zinc quoted for the Shanghai zinc August contract rose 25 murals 30 yuan / ton. The mainstream transactions of Kirin, Huize, Mengzi, Tiefeng and Feilong were 16700 Mel 16770 yuan / ton.

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