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[SMM afternoon Review] Guangdong Zinc: futures prices rose sharply and spot discounts accounted for the majority of transactions.
Jul 9,2020 11:49CST
translation
Source:SMM
SMM7 March 9: Guangdong Zinc mainstream traded at 17370 Mel 17450 yuan / ton, the price concentrated on the Shanghai Zinc 2008 contract discount of 20 yuan / ton to flat, and the Guangdong market discount of 60 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 9: Guangdong Zinc mainstream traded at 17370 Mel 17450 yuan / ton, the price concentrated on the Shanghai Zinc 2008 contract discount of 20 yuan / ton to flat, and the Guangdong market discount of 60 yuan / ton compared with the previous trading day was the same as the previous trading day. In the first trading session, futures prices opened high and went high, rising sharply compared with yesterday, there were few inquiry purchases downstream, the price of shipments was not smoothly lowered by holders, and traders received goods at discounts, driving market trading. Kirin and Mongolia quoted a discount of 10 yuan / ton to flat price for the August contract of Shanghai zinc, while Tiefeng discount 20 yuan / ton. The second trading session, prices are still strong volatility, downstream demand has not increased, individual holders slightly adjust the price of shipments, the market wait-and-see mood is strong, the overall trading is general. Kirin and Mongolia quoted a discount of 15 yuan / ton to Pingshui for the August contract for Shanghai zinc, and 20 yuan / ton for Tiefeng. Kirin, Tiefeng, Mengzi and mainstream traded at 17370 Mel 17450 yuan / ton.

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