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[SMM afternoon Review] Zinc in Guangdong: shippers are active in spot delivery, rising water pressure is weak.
Jul 6,2020 11:55CST
translation
Source:SMM
SMM7 March 6: Guangdong Zinc mainstream traded at 16670Mut 16780 yuan / ton, the quotation concentrated on the Shanghai zinc 2008 contract price rise of 5muri 40 yuan / ton, the Guangdong market discount of 90 yuan / ton compared with the previous trading day was the same as the previous trading day.
The content below was translated by Tencent automatically for reference.

SMM7 March 6: Guangdong Zinc mainstream traded at 16670Mut 16780 yuan / ton, the quotation concentrated on the Shanghai zinc 2008 contract price rise of 5muri 40 yuan / ton, the Guangdong market discount of 90 yuan / ton compared with the previous trading day was the same as the previous trading day. In the first trading session, the initial shipments and price adjustments of the consignors were still relatively positive, but the rising discount was on the low side, the sentiment of selling up prices increased, the market flow dropped slightly, and traders could receive goods at low prices. Kirin, Mengzi and Huize quoted a price of 10 yuan / ton for the August contract of zinc in Shanghai, and 50 yuan / ton for Feilong and Tiefeng. The second trading session, traders continue to lower prices to receive goods, low-price supply after the completion of the market quotation is relatively stable, there is not much room for downward float, downstream bargain just need a small amount of procurement, there is no significant improvement. Kirin, Mengzi, Blue Zinc quotation for Shanghai zinc August contract rose 15mur20 yuan / ton, Tiefeng water 10 yuan / ton. The mainstream transactions of Kirin, Huize, Mengzi, Tiefeng and Feilong were 16670Mui 16780 yuan / ton.

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