[SMM afternoon Review] Tianjin Zinc: spot liquidity in Tianjin area is tight and traders ship goods at a competitive price.

Published: Jul 23, 2020 12:18

SMM7 March 23:

The mainstream turnover of zinc ingots in Tianjin market was 18010mur18110 yuan / ton, Zijin was traded at 18050mur18130 yuan / ton, Huludao was quoted at 19260 yuan / ton, Zinc was generally quoted around 19260 yuan / ton against 2008 contract, Zijin was quoted around 200yuan / ton for August contract, and the water price in Tianjin stock market was raised from 60 yuan / ton to about 110yuan / ton compared with Shanghai stock market. Today, Shanghai zinc has gone up and down, and the spot market has raised the discount quotation, which is relatively uniform. The ordinary brand Bai Ling Bao quoted a rise of 160 yuan per ton for the 08 contract, and Hongyi quoted a rise of 180 yuan per ton for the 08 contract. Chi Hong quoted a rise of 160 yuan per ton for the 08 contract, while the high-priced brand Zijin quoted a rise of 200 yuan per ton for the August contract, and Baiyin quoted a rise of 150 yuan per ton for the 08 contract. Ha Zinc (including out of the warehouse) is quoted in the 08 contract for a rise of 70 RMB80 / ton. Today's low zinc prices rebounded, due to Zijin August overhaul and Hongye overhaul reduction, superimposed due to the impact of the epidemic, the arrival of goods in Tianjin was affected; downstream, the downstream just need to purchase today, downstream enterprises wait and see mainly. On the whole, the deal was mediocre today. Zinc ingots were traded around 17890 Mill 17970 yuan per ton.

Brand

Discount (11:15)

Chi Hong

Hong Ye

8: 180

Lark

880 160Mutual 170

Purple gold

8200

Silver

Eight hundred and fifty

Ha Zinc (exempt from the library)

880, 70m. 80.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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