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[SMM afternoon Review] Guangdong Zinc: the downstream purchasing demand is limited and the market transaction is relatively ordinary.
Jul 8,2020 11:46CST
translation
Source:SMM
SMM7 March 8: Guangdong Zinc mainstream traded at 16740Mub 16820 yuan / ton. The quotation concentrated on the price of 25 yuan / ton for Shanghai Zinc 2008 contract, and the discount of 60 yuan / ton for Guangdong compared with Shanghai stock market was 10 yuan lower than that of the previous trading day.
The content below was translated by Tencent automatically for reference.

SMM7 March 8: Guangdong Zinc mainstream traded at 16740Mub 16820 yuan / ton. The quotation concentrated on the price of 25 yuan / ton for Shanghai Zinc 2008 contract, and the discount of 60 yuan / ton for Guangdong compared with Shanghai stock market was 10 yuan lower than that of the previous trading day. In the first trading session, inventories declined slightly, coupled with the drop in futures prices, and the holders shipped at a relatively uniform price, but the overall transaction was limited. Kirin, Mengzi and Huize quoted water for the Shanghai zinc contract in August at 15,00025 yuan / ton, while Feilong and Tiefeng rose 10 yuan / ton. In the second trading session, with the rebound of prices, the downstream purchasing demand is small, the market transaction is relatively difficult, some shippers are not smooth and begin to adjust the price, but the overall price boost is limited. Kirin, Mengzi, Huize quoted for the Shanghai zinc contract in August rose 10 murals 20 yuan / ton. Kirin, Huize, Mengzi and mainstream traded at 16740 Mel 16820 yuan / ton.

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