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[SMM afternoon Review] Tianjin Zinc: futures prices are down again downstream to maintain weak procurement
Jul 16,2020 11:37CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 March 16:

The mainstream turnover of zinc ingots in Tianjin market was 17830 RMB17890 / ton, while that of Zijin was 17880MUE 17930 yuan / ton, Huludao was quoted at 19240 yuan / ton, Zine zinc was generally quoted as rising water 100 yuan / ton to 120 yuan / ton in the contract of 2008, Zijin quoted 150 RMB160 / ton in August contract, and the price of water in Tianjin stock market dropped from 40 yuan / ton to 20 yuan / ton compared with Shanghai stock market. 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. The fourth Ring Road (delivered) quoted 100 yuan / ton of water for the 08 contract, and Ha Zn (including the depot) quoted 60 yuan / ton for the 08 contract. Today, the decline in zinc prices widened, and traders maintained the rising water quotation, and Zijin Factory made a straight price shipment in the morning, but when the transaction was not smooth, the water was also reduced to 160 yuan / tonne. Downstream, the absolute price fell again today, but downstream enterprises are not willing to receive goods, maintaining the need for weak procurement. On the whole, the turnover in Tianjin today is the same as that of yesterday. Zinc ingots traded around 17,760 million yuan per ton.

Brand

Discount (11:15)

Chi Hong

Hong Ye

8120

Lark

8110

Purple gold

Eight hundred and fifty

Huludao

81470

Silver

Eight hundred and fifty

Ha Zinc (exempt from the library)

860

Fourth Ring Road (delivered)

8100

Zinc

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