[SMM afternoon Review] Zinc in Guangdong: prices soar and fall back downstream bargain purchasing

SMM7 March 28: Guangdong zinc mainstream trading at 17970-18500 yuan / ton, the price concentrated on the Shanghai zinc 2009 contract discount of 20 yuan / ton to flat, the Guangdong market discount of 90 yuan / ton than the previous trading day increased by 10 yuan / ton. In the first trading session, futures prices soared, there were few purchases downstream, shipments increased when the shipments were high, and spot prices were under pressure. Kirin, Mengzi, Huize and Tiefeng quoted a discount of 20 yuan / ton to flat for the September contract of Shanghai zinc. In the second trading session, price volatility fell, downstream bargain purchases increased, traders also actively inquired about discounts, and market trading improved compared with the first trading session. Kirin, Mengzi, Huize and Tiefeng offer a discount of 20-10 yuan / ton for the September contract of Shanghai zinc. Kirin, Mengzi, Huize mainstream transactions at 17970-18500 yuan / ton.

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