[SMM afternoon Review] Tianjin Zinc: traders keep the discount quotation market flat.

Published: Jul 3, 2020 11:44

SMM7, March 3:

The mainstream trading of zinc ingots in Tianjin market was 16880 RMB16920 / ton, Zijin was traded at 16920 MUE 16950 yuan / ton, Huludao was quoted at 18190 yuan / ton, Zinc was generally quoted around RMB 140,150 / ton for 2007 contract, Zijin was quoted around RMB180 / ton for July contract, and the Tianjin stock market remained around 60 yuan / ton higher than Shanghai stock market. Today, Shanghai zinc remains volatile, the spot market maintains a rising discount price, and the price is relatively uniform. The ordinary brand Bering News quoted a rise of 140 yuan per ton for the 07 contract, and Hongyi quoted a rise of 150 yuan per ton for the 07 contract. Chi Hong quoted a rise of 140 yuan per ton for the 07 contract, and the high-priced brand Zijin offered 180 yuan per ton for the July contract, while Baiyin quoted 150 yuan per ton for the 07 contract. Yunxi Daily quoted a rise of 70 yuan per ton for the 07 contract, Xikuang (delivered to) quoted a rise of 60 million yuan per ton for the 07 contract, KZ/YP quoted a rise of 80 yuan per ton for the 07 contract, and Harbin Zinc (including the depot) quoted a rise of 50 yuan per ton for the 07 contract. Zinc prices remain volatile today, Zijin brand will be dominated by long orders in the short term, overall shipments in the market have decreased, and traders have maintained discounted quotations; downstream, the downstream still needs weak procurement, and the overall willingness to receive goods is mediocre. On the whole, today's turnover is light. Zinc ingots were traded around 16760 RMB16790 per ton.

Brand

Discount (11:15)

Chi Hong

Hong Ye

Seven hundred and fifty

Lark

740

Purple gold

7: 180

Huludao

71420

Silver

Seven hundred and fifty

West Mine (delivered)

7, 60, 60, 80.

Yunnan tin

7: 70

KZ/YP

780

Ha Zinc (exempt from the library)

7: 50

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.

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[SMM afternoon Review] Tianjin Zinc: traders keep the discount quotation market flat. - Shanghai Metals Market (SMM)