[SMM afternoon Review] Tianjin Zinc: the shortage of spot promotes the purchase of downstream enterprises just need to purchase.

Published: Jul 24, 2020 12:17

SMM7 March 24:

The mainstream turnover of zinc ingots in Tianjin market was 18260mur18350 yuan / ton, Zijin was traded at 18310mur18390 yuan / ton, Huludao was quoted at 19560 yuan / ton, zinc common to 2008 contract quoted rising water around 150yuan / ton to 180yuan / ton, Zijin to August contract quoted rising water around 210mur220yuan / ton, the Tianjin stock market compared with Shanghai stock market kept rising water around 110RMB / ton. Today, Shanghai zinc shot up and fell back, and the spot market maintained a rising discount price, and the price was relatively uniform. The ordinary brand Bering quoted a rise of 150 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 170 Mel 180 yuan per ton for the 08 contract, while the high-priced brand Zijin quoted a rise of 210 Muv 220 yuan per ton for the August contract, while Baiyin Bao quoted a rise of 180 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, zinc prices are rising and falling, and there is a shortage of spot liquidity in the Tianjin market, and traders are shipping at a rising price; downstream, they just need to purchase today. On the whole, today's deal is called yesterday's level. Zinc ingots traded at around 18130 / ton.

Brand

Discount (11:15)

Chi Hong

Hong Ye

8: 180

Lark

Eight hundred and fifty

Purple gold

880 210Mutual 220

Silver

8: 180

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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[SMM afternoon Review] Tianjin Zinc: the shortage of spot promotes the purchase of downstream enterprises just need to purchase. - Shanghai Metals Market (SMM)