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[SMM afternoon Review] Zinc in Guangdong: zinc price increases too much downstream fear of heights and less mining
Jul 22,2020 11:53CST
translation
Source:SMM
SMM7 March 22: Guangdong Zinc mainstream traded at 18,8080 yuan / ton, the quotation concentrated on the Shanghai zinc 2009 contract rising water 10rel 40 yuan / ton, the Guangdong market discount of 90 yuan / ton compared with the previous trading day narrowed 20 yuan.
The content below was translated by Tencent automatically for reference.

SMM7 March 22: Guangdong Zinc mainstream traded at 18,8080 yuan / ton, the quotation concentrated on the Shanghai zinc 2009 contract rising water 10rel 40 yuan / ton, the Guangdong market discount of 90 yuan / ton compared with the previous trading day narrowed 20 yuan. In the first trading session, futures prices rose and fell back, and the overall center of gravity rose again to above 18000 yuan, while the lower reaches were mostly wait-and-see at the high price. The holder initially tried to push up the price and shipped the goods, but later saw the unsmooth quotation loosened. Kirin, Mengzi, Huize, Tiefeng quoted water for the Shanghai zinc contract in September up 15,540 yuan / ton. In the second trading session, the overall procurement demand downstream is still limited, in the lack of downstream demand support, individual holders continue to lower prices, but on the whole, if the rising water is too low, the holders are reluctant to sell, and the market transaction is relatively deadlocked. Kirin, Mengzi, Huize, Tiefeng quoted price for Shanghai zinc contract in September, 10Lue 20 yuan / ton. The mainstream transaction of Kirin, Mengzi and Huize was 18,280 yuan / ton.

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