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[SMM afternoon Review] Tianjin Zinc: traders reduce prices and ship goods, but the downstream is still mainly wait-and-see.
Jul 10,2020 11:34CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 March 10:

The mainstream turnover of Zinc ingots in Tianjin market was 17730mur17820 yuan / ton, Zijin was traded at 17820MUE 17860 yuan / ton, Huludao was quoted at 19080 yuan / ton, Zinc was generally quoted at 80 yuan / ton to 130 yuan / ton for 2008 contract, Zijin was quoted around 170yuan / ton for August contract, and the Tianjin stock market remained at around 60,000,000 yuan / ton compared with Shanghai stock market. Today, the price of zinc in Shanghai has risen sharply, and the spot market has lowered the discount quotation, and the price is relatively uniform. The ordinary brand Bering News has quoted a rise of 80 yuan per ton for the 08 contract, and Hongyi has quoted a rise of 130 yuan per ton for the 08 contract. Chi Hong quoted a rise of 80 yuan per ton for the 08 contract, while the high-priced brand Zijin quoted a rise of 170 yuan per ton for the August contract, and Baiyin Bao quoted a rise of 120 yuan per ton for the 08 contract. West Mining (delivered) quoted 40 yuan / ton for 08 contract, Sihuan (delivered) quoted 40 yuan / ton for 08 contract, Japan Zinc News quoted 120 yuan / ton for 08 contract, and Harbin Zinc (including depot) quoted 60 yuan / ton for 08 contract. Today, zinc prices rose again, traders are difficult to ship, lower the discount price, but the shipping situation has not improved, and some Zijin delivery today, will depress the market rising water; downstream, today's market rose sharply, only part of the downstream just need to purchase, the willingness to receive goods is not good, mainly wait-and-see. On the whole, the turnover in Tianjin market is still poor today. Zinc ingots traded around 17680 RMB17730 per ton.

Brand

Discount (11:15)

Chi Hong

Hong Ye

8: 130

Lark

880

Purple gold

8: 170

Huludao

81390

Silver

8120

Fourth Ring Road (delivered)

840

West Mine (delivered)

840

Japanese zinc

8120

Ha Zinc (exempt from the library)

860

Zinc

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