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[SMM afternoon Review] Guangdong Zinc: the overall transaction of goods received by traders at a low price is mediocre.
Jul 7,2020 11:53CST
translation
Source:SMM
SMM7 March 7: Guangdong Zinc mainstream traded at 16750 million 16810 yuan / ton. The quotation concentrated on the price rise of 520 yuan / ton for the Shanghai zinc 2008 contract, and the discount of 70 yuan / ton for the Guangdong market compared with the Shanghai market was 20% lower than that of the previous trading day.
The content below was translated by Tencent automatically for reference.

SMM7 March 7: Guangdong Zinc mainstream traded at 16750 million 16810 yuan / ton. The quotation concentrated on the price rise of 520 yuan / ton for the Shanghai zinc 2008 contract, and the discount of 70 yuan / ton for the Guangdong market compared with the Shanghai market was 20% lower than that of the previous trading day. The first trading session, the market standing price is still relatively difficult, some holders quoted more than a pair of online prices floating 5mur10 yuan, pressure on the transaction price, traders depressed the price to receive the goods, the market low price transaction is OK, Kirin, Mengzi, Huize quoted for the Shanghai zinc August contract water rise 1520 yuan / ton, Feilong, Tiefeng rise water 5Lv 10 yuan / ton. The second trading session, the current zinc price is still on the high side, downstream as a whole just need to purchase, individual holders hesitate to sell slightly up-price, the market inquiry traders are limited, the overall transaction is weak. Kirin, Mengzi, Huize quoted for the Shanghai zinc contract in August rose 10 murals 20 yuan / ton. Kirin, Huize, Mengzi and mainstream traded at 16750 Mel 16810 yuan / ton.

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