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[SMM afternoon Review] Zinc in Guangdong: the price is still high and the demand downstream is general.
Jul 24,2020 12:23CST
translation
Source:SMM
SMM7 March 24: Guangdong Zinc mainstream traded at 18030mi 18180 yuan / ton, the quotation concentrated on the Shanghai zinc 2009 contract rose 10 yuan / ton, and the Guangdong market discount of 70 yuan / ton compared with the Shanghai market was 10 yuan narrower than the previous trading day.
The content below was translated by Tencent automatically for reference.

SMM7 March 24: Guangdong Zinc mainstream traded at 18030mi 18180 yuan / ton, the quotation concentrated on the Shanghai zinc 2009 contract rose 10 yuan / ton, and the Guangdong market discount of 70 yuan / ton compared with the Shanghai market was 10 yuan narrower than the previous trading day. In the first trading session, although the price is high, the overall price is still high, the shipping sentiment of the holder is high, and the quotation is relatively positive, while the downstream is mostly wait-and-see, and the market demand is general. Kylin, Mengzi, Huize and Tiefeng quoted prices for the Shanghai zinc contract in September. The second trading session, prices continue to fluctuate downward, downstream bargain slightly supplement weekend usage, individual holders slightly cherish the selling price, the market transaction is better than the first trading session. Kirin, Mengzi, Huize, Tiefeng quoted price for Shanghai zinc contract in September. The mainstream transactions of Kirin, Mengzi, Tiefeng and Huize were 18,030,18180 yuan / ton.

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