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[SMM afternoon Review] Guangdong Zinc: the market price is difficult and the overall transaction is mediocre.
Jul 15,2020 11:47CST
translation
Source:SMM
SMM7 March 15: Guangdong Zinc mainstream traded at 17840Mub 17950 yuan / ton, the price concentrated on the Shanghai zinc 2008 contract discount of 10 yuan / ton to flat, the Guangdong market discount of 60 yuan / ton than the previous trading day increased by 10 yuan.
The content below was translated by Tencent automatically for reference.

SMM7 March 15: Guangdong Zinc mainstream traded at 17840Mub 17950 yuan / ton, the price concentrated on the Shanghai zinc 2008 contract discount of 10 yuan / ton to flat, the Guangdong market discount of 60 yuan / ton than the previous trading day increased by 10 yuan. In the first trading session, at the initial stage, the holder tried to take advantage of the falling futures price to ship the goods at a straight price, but the market demand was still weak, and the later period began to adjust the price for shipment, and the market began to make a deal, but it was still mainly received by traders. Kirin, Mengzi and Huize quoted a discount of 10 yuan / ton to flat for the August contract of Shanghai zinc. In the second trading session, futures fluctuated in a narrow range, but the current price is still high, the downstream only needs to purchase, the demand has not improved, individual consignors offer low prices for shipments, and the market is generally traded. Kirin, Mengzi and Huize quoted a discount of 10 yuan / ton to Pingshui for the August contract of Shanghai zinc. Kylin, Mengzi, Huize and mainstream traded at 17840 RMB17950 per ton.

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