[SMM afternoon Review] Tianjin Zinc: absolute Price once again upstream and downstream Enterprises maintain weak Purchasing just in need

Published: Jul 13, 2020 11:38 (GMT+8)

SMM7 March 13:

The mainstream turnover of zinc ingots in Tianjin market was 18020mur18140 yuan / ton, Zijin was traded at 18090Mel 18190 yuan / ton, Huludao was quoted at 19290 yuan / ton, Zine zinc was usually quoted around 80 yuan / ton to 2008 yuan / ton, Zijin to August contract quoted rising water around 150 yuan / ton, the Tianjin market fell from 60 yuan / ton to 40 yuan / ton compared with Shanghai market. Today, Shanghai zinc continues to rise, and the spot market downgrades the discount quotation, which is relatively uniform. The ordinary brand Bering News is offering a rise of 80 yuan per ton for the 08 contract, and Hongyi is quoting a rise of 100 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 150 yuan per ton for the August contract, and Baiyin Bao quoted a rise of 60 yuan per ton for the 08 contract. The fourth Ring Road (delivered) quoted a rise of 70 yuan / ton for the 08 contract, and Ha Zinc (including the depot) quoted a rise of 60 yuan / ton for the 08 contract. Today, zinc prices rise again, superimposed Zijin brand arrival, high-priced brands lower rising water quotation, but shipments are still not smooth; downstream, after the absolute price center continues to move up, the willingness to receive goods is poor, remain weak just need to purchase. On the whole, the turnover in Tianjin market is still poor today. Zinc ingots traded at around 17970 / ton.

Brand

Discount (11:15)

Chi Hong

Hong Ye

8100

Lark

880

Purple gold

Eight hundred and fifty

Huludao

8: 1250

Silver

860

Fourth Ring Road (delivered)

8: 70

Ha Zinc (exempt from the library)

860

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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