[SMM afternoon Review] Shanghai Zinc: active trading among traders spot water rebounded slightly

Published: Jul 15, 2020 12:06

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SMM7 March 15: Shanghai Zinc mainstream traded at 17920Mel 18010 yuan / ton, Shuangyan and Chihong sold at 17930Mel 18010 yuan / ton; Zinc Shuangyan and Chihong reported water at 60MUR 70 yuan / ton in August; Shuangyan and Chihong quoted water at 60Rue 80 yuan / ton in August; and Zinc mainstream traded at 17860RMB17950 / ton.

SMM7 March 15:

The mainstream turnover of zinc in Shanghai was 17920murl 18010 yuan / ton, while that of Shuangyan and Chihong was 17930,18010 yuan / ton. Shuangyan and Chihong reported rising water in August at 60rel 70 yuan / ton. Shuangyan and Chihong quoted water at 60rel 80 yuan / ton in August, and Shuangyan and Chihong quoted water at 17860rel 17950 yuan / ton. Shanghai Zinc 2008 contract intraday finishing operation, the morning market closed at 17885 yuan / ton. The smelter shipped normally, trading in the morning market remained active, and traders were willing to receive goods. The quotation was gradually raised from about 50 yuan / ton to about 65 yuan / ton, and the domestic and Shuangyan quotations were basically the same. In the second trading period, the market quotation was concentrated on about 70 yuan / ton, and the transaction difficulty increased, and the downstream was still afraid of high wait-and-see to maintain demand procurement. The main traders contributed to the transaction within the day.

"Brand"

Transaction interval

2008

Shuangyan and Chihong

17930Muir 18010

60: 80

Qin Zinc and Yuguang

17920 Muir 18010

60 am 70

SMC

17890Mutual 17980

30: 40

Zinc in the afternoon

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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