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[SMM afternoon Review] Guangdong Zinc: futures prices continue to strengthen spot to discount deal
Jul 10,2020 11:51CST
translation
Source:SMM
SMM7 March 10: Guangdong Zinc mainstream traded at 17610 Mutual 17730 yuan / ton, the price concentrated on the Shanghai Zinc 2008 contract discount of 20 yuan / ton to level water, the Guangdong market discount of 50 yuan / ton compared with the previous trading day narrowed 10 yuan.
The content below was translated by Tencent automatically for reference.

SMM7 March 10: Guangdong Zinc mainstream traded at 17610 Mutual 17730 yuan / ton, the price concentrated on the Shanghai Zinc 2008 contract discount of 20 yuan / ton to level water, the Guangdong market discount of 50 yuan / ton compared with the previous trading day narrowed 10 yuan. In the first trading session, futures prices soared, few downstream entered the market to inquire about prices, and some holders held limited goods and quoted prices were relatively strong, but the market transaction was difficult, and the later quotations were loosened. Kirin and Mengzi quoted a discount of 10 yuan / ton to flat water for the August contract for Shanghai zinc, and 15 yuan / ton for Tiefeng. In the second trading session, futures prices are still high and volatile, traders receive goods at depressed prices, individual brands offer lower prices, and the overall market turnover is still poor. Kirin and Mongolia quoted a discount of 10 yuan / ton for the August contract for Shanghai zinc and 20 yuan / ton for Feilong. Kirin, Tiefeng, Mengzi and mainstream traded at 17610 Mel 17730 yuan / ton.

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