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[SMM afternoon Review] Tianjin Zinc: the spot liquidity is tight and the market is driving up the delivery of sticker water.
Jul 27,2020 11:44CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 March 27:

The main trading volume of zinc ingots in Tianjin market was 18330-18400 yuan / ton, Zijin was traded at 18360-18440 yuan / ton, Huludao was quoted at 19660 yuan / ton, zinc common to 2008 contract was quoted around 200 yuan / ton to 220 yuan / ton, Zijin was quoted around 260 yuan / ton in August contract, and the water in Tianjin was about 130 yuan / ton higher than that in Shanghai. Today, Shanghai zinc concussion rose, and the spot market raised the discount quotation, which is relatively uniform. The ordinary brand Bering News quoted a rise of 200 yuan per ton for the 08 contract, and Hongyi quoted a rise of 210-220 yuan per ton for the 08 contract. Chi Hong quoted a rise of 200 yuan per ton for the 08 contract, while the high-priced brand Zijin quoted a rise of 260 yuan per ton for the August contract, and Baiyin quoted a rise of 150 yuan per ton for the 08 contract. The fourth Ring Road (delivered) quoted 120 yuan / ton of water for the 08 contract, and Ha Zn (including the depot) quoted 80 yuan / ton for the 08 contract. Zinc prices fluctuated and rose today. During the first period of time, Tianjin continued its quotation for rising water last week, entering the second period of time. Due to the shortage of cash liquidity, traders and smelters raised and pasted water to ship goods; downstream, both prices rose today. Downstream enterprises maintain rigid demand procurement. On the whole, today's transaction is the same as that of last week. Zinc ingots traded around 18150-18230 yuan / ton.

Brand

Discount (11:15)

Chi Hong

Hong Ye

8000210-220

Lark

8200

Purple gold

8: 260

Huludao

81480

Silver

Eight hundred and fifty

Fourth Ring Road (delivered)

8120

Ha Zinc (exempt from the library)

880

Zinc

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