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[SMM afternoon Review] Tianjin Zinc: the absolute price is slightly downward and the willingness to receive goods downstream is mediocre.
Jul 15,2020 11:33CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 March 15:

The mainstream turnover of zinc ingots in Tianjin market was 17960mur18020 yuan / ton, Zijin was traded at 18010mur18050 yuan / ton, Huludao was quoted at 19280 yuan / ton, zinc common to 2008 contract quoted water 100 yuan / ton to 120 yuan / ton, Zijin contract quoted water around 150 yuan / ton in August, compared with Shanghai market, the price of water in Tianjin stock market dropped from 60 yuan / ton to 40 yuan / ton. Today, the weak consolidation of zinc in Shanghai, the spot market to maintain a rising discount price, the price is relatively uniform, the ordinary brand Bering News quoted a rise of 110 yuan per ton for the 08 contract, Hongyi quoted a rise of 120 yuan per ton for the 08 contract, Chi Hong quoted a rise of 100 yuan per ton for the 08 contract, and the high-priced brand Zijin quoted a rise of 150 yuan per ton for the August contract, while Baiyin quoted a rise of 100 yuan per ton for the 08 contract. Yunxi Daily quoted a rise of 60 yuan per ton for the 08 contract, Sihuan (delivered to) quoted a rise of 100 yuan per ton for the 08 contract, and ha zinc (including out of the warehouse) quoted a rise of 60 yuan per ton for the 08 contract. Today, zinc prices are weak, traders maintain rising water prices, some traders ship goods at low prices under the demand for capital return, and overall shipments are not smooth; downstream, absolute prices fell slightly today, and downstream enterprises are not willing to receive goods, maintaining the need for weak purchases. On the whole, the turnover in Tianjin today is the same as that of yesterday. Zinc ingots were traded around 17890 Mill 17930 yuan per ton.

Brand

Discount (11:15)

Chi Hong

Hong Ye

8120

Lark

8110

Purple gold

Eight hundred and fifty

Huludao

81380

Silver

8100

Yunnan tin

860

Fourth Ring Road (delivered)

8100

Ha Zinc (exempt from the library)

860

Zinc

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