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[SMM afternoon Review] Guangdong Zinc: downstream high purchases are weaker and transactions are mostly contributed by traders.
Jul 27,2020 11:52CST
translation
Source:SMM
SMM7 March 27: Guangdong zinc mainstream trading at 18080-18180 yuan / ton, the price concentrated on the Shanghai zinc 2009 contract discount of 10 yuan / ton to flat, the Guangdong market discount of 80 yuan / ton compared with the previous trading day increased by 10 yuan / ton.
The content below was translated by Tencent automatically for reference.

SMM7 March 27: Guangdong zinc mainstream trading at 18080-18180 yuan / ton, the price concentrated on the Shanghai zinc 2009 contract discount of 10 yuan / ton to flat, the Guangdong market discount of 80 yuan / ton compared with the previous trading day increased by 10 yuan / ton. In the first trading session, the holder initially shipped the goods at a relatively straight price, but the price was high and fluctuating, the downstream wait-and-see mood was strong, the market price was difficult, and the quotations of some consignors were loosened in the later period. Kirin, Mengzi, Huize, Tiefeng quoted a discount of 10 yuan / ton to flat for the September contract of Shanghai zinc. The second trading session, downstream only rigid demand procurement, individual holders hang order price is higher, can appropriately reduce the discount range of shipment, pressure spot up discount performance, transactions are mostly contributed by traders. Kirin, Mengzi, Huize, Tiefeng quoted for Shanghai zinc September contract water 10 yuan / ton to Pingshui. Kirin, Mengzi, Huize mainstream transactions at 18080-18180 yuan / ton.

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