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[SMM afternoon Review] Guangdong Zinc: the market price is low and the spot price is weak.
Jul 16,2020 11:54CST
translation
Source:SMM
SMM7 March 16: the mainstream transaction of Guangdong Zinc was 17660 million 17820 yuan / ton. The quotation focused on the price rise of 25,60 yuan / ton for the Shanghai zinc 2009 contract, and the discount of 90 yuan / ton for the Guangdong market was 30 yuan higher than that of the previous trading day.
The content below was translated by Tencent automatically for reference.

SMM7 March 16: the mainstream transaction of Guangdong Zinc was 17660 million 17820 yuan / ton. The quotation focused on the price rise of 25,60 yuan / ton for the Shanghai zinc 2009 contract, and the discount of 90 yuan / ton for the Guangdong market was 30 yuan higher than that of the previous trading day. In the first trading session, prices were high and fluctuating, there were still few purchases downstream, the shipments of the holders were not smooth, and the market quotations were basically flat yesterday, but after the futures changed months, the market turned to offer more for 2009 contracts. Kirin and Mongolia quoted a price of 3040 yuan / ton for the Shanghai zinc contract in September. Tiefeng 35 yuan / ton, blue zinc 25 yuan / ton, Danxia 50 RMB60 / ton, Tiefeng 35 yuan / ton, blue zinc 25 yuan / ton, Danxia 60 yuan / ton. In the second trading session, futures prices fell, downstream entered the market to buy a little, individual holders tried to push up the price, the quotation was relatively high, traders received goods at lower prices, and the transaction was better than the first trading session. Kirin, Mongolia since the quotation for Shanghai zinc contract in September, 30murals 45 yuan / ton, Danxia Shengshui 50 murals 60 yuan / ton. Kirin, Mengzi, Huize and mainstream traded at 17660 MUE 17820 yuan / ton.

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