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[SMM afternoon Review] Guangdong Zinc: the overall increment of downstream bargain replenishment is limited.
Jul 23,2020 12:52CST
translation
Source:SMM
SMM7 March 23: Guangdong Zinc mainstream traded at 17820 million 17950 yuan / ton, the quotation concentrated on the Shanghai Zinc 2009 contract up 10 RMB20 / ton, the Guangdong market discount of 60 yuan / ton compared with the previous trading day narrowed by 30 yuan.
The content below was translated by Tencent automatically for reference.

SMM7 March 23: Guangdong Zinc mainstream traded at 17820 million 17950 yuan / ton, the quotation concentrated on the Shanghai Zinc 2009 contract up 10 RMB20 / ton, the Guangdong market discount of 60 yuan / ton compared with the previous trading day narrowed by 30 yuan. In the first trading session, the price fell today, the holder tried to raise the price, and the downstream bargain was slightly replenished, but the increment was limited, the market price was difficult, and the quotation was loosened in the later period. Kirin, Mengzi, Huize and Tiefeng quoted water for the Shanghai zinc contract in September. The second trading session, downstream demand is still weak, individual holders offer low, pressure on the market transaction price, the overall transaction is general. Kirin, Mengzi, Huize, Tiefeng quotes for Shanghai zinc contract in September, the rising water is 10Mu15 yuan / ton. Kirin, Mengzi, Tiefeng and Huize mainstream traded at 17820 RMB17950 per ton.

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