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[SMM afternoon Review] Tianjin Zinc: traders maintain upside water quotation and maintain weak procurement in the lower reaches of the market.
Jul 17,2020 11:52CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 March 17:

The mainstream turnover of zinc ingots in Tianjin market was 17850mur17930 yuan / ton, Zijin was traded at 17900copyright 17950 yuan / ton, Huludao was quoted at 19230 yuan / ton, Zinc was generally quoted around 100yuan / ton to 130yuan / ton for 2008 contract, Zijin was quoted around 150yuan / ton for August contract, and the Tianjin stock market remained around 20 yuan / ton higher than 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 130 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 180 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. Zinc prices shot up and fell back today, traders maintained prices for rising and sticking water, and some traders raised prices for shipments in the morning, but shipments were not smooth, so discounted shipments were downgraded. Downstream, absolute prices fell slightly today, and downstream enterprises' willingness to receive goods did not improve significantly, maintaining the need for weak procurement. Overall, today's transaction was slightly better than yesterday, with zinc ingots traded around 17780MUR 17830 yuan / ton.

Brand

Discount (11:15)

Chi Hong

Hong Ye

8: 130

Lark

8110

Purple gold

Eight hundred and fifty

Huludao

81430

Silver

8: 180

Ha Zinc (exempt from the library)

860

Fourth Ring Road (delivered)

8100

Zinc

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