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[SMM afternoon Review] Guangdong Zinc: the transaction in the Yinhong market is mediocre in terms of the price of the holder.
Jul 21,2020 11:45CST
translation
Source:SMM
SMM7 March 21: Guangdong Zinc mainstream traded at 17800, 1400, 17890 yuan / ton, and the quotation concentrated on the price rise of 15,000,000 yuan / ton for the Shanghai zinc 2009 contract, and the Guangdong market discount of 110yuan / ton compared with the Shanghai market was the same as the previous trading day.
The content below was translated by Tencent automatically for reference.

SMM7 March 21: Guangdong Zinc mainstream traded at 17800, 1400, 17890 yuan / ton, and the quotation concentrated on the price rise of 15,000,000 yuan / ton for the Shanghai zinc 2009 contract, and the Guangdong market discount of 110yuan / ton compared with the Shanghai market was the same as the previous trading day. In the first trading session, the price was high and fluctuating, the price center moved upwards than yesterday, and the downstream bought more bargains yesterday, and today it is relatively wait-and-see, but there are rumors in the market that big traders have received the goods, and the market price is strong. Kirin, Mengzi, Huize quoted for the Shanghai zinc contract in September, the water rose 3040 yuan / ton, and Feilong water rose 15 yuan / ton. In the second trading session, after the network price is determined, the market quotation is relatively unified, the holder is not willing to adjust the water, the transaction shows a stalemate, and part of the transaction is dominated. Kirin, Mengzi and Huize quoted a price of 40 yuan / ton for the September contract of Shanghai zinc, 30 yuan / ton for Tiefeng, and 15 yuan / ton for Feilong. The mainstream transaction of Kirin, Mengzi and Huize was 17560mi 17700 yuan / ton.

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