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[SMM afternoon Review] Guangdong Zinc: downstream bargain buying boosts market trading
Jul 17,2020 11:52CST
translation
Source:SMM
SMM7 March 17: Guangdong Zinc mainstream traded at 17740Mub 17850 yuan / ton, and the quotation concentrated on the price rise of 20,000,000 yuan / ton for the Shanghai zinc 2009 contract, and the Guangdong market discount of 110yuan / ton was 20 yuan higher than that of the previous trading day.
The content below was translated by Tencent automatically for reference.

SMM7 March 17: Guangdong Zinc mainstream traded at 17740Mub 17850 yuan / ton, and the quotation concentrated on the price rise of 20,000,000 yuan / ton for the Shanghai zinc 2009 contract, and the Guangdong market discount of 110yuan / ton was 20 yuan higher than that of the previous trading day. In the first trading session, the arrival of goods in the Guangdong market increased this week, and the market shipping pressure was relatively great. The holder initially tried to raise the price, but after the individual holder took the lead in adjusting the price, the market price was under pressure, and the downstream entered the market to replenish the goods on Friday, but the total amount was limited. Kirin, Mengzi and Huize quoted a price of 20 RMB40 / ton for the Shanghai zinc contract in September. The second trading session, prices are weak, there are still some purchases downstream, traders mainly lower prices to receive goods, market quotations do not change much, on the whole, today's market trading is better than yesterday. Kirin, Mengzi and Huize quoted a price of 20,30 yuan / ton for the September contract of zinc in Shanghai. Kirin, Mengzi and Huize mainstream traded at 17740 MUE 17850 yuan / ton.

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