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[SMM afternoon Review] Tianjin Zinc: spot liquidity is tight and the rising water in the market rises further.
Jul 29,2020 11:44CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

On the 29th of the month of SMM7:

The main trading volume of zinc ingots in Tianjin market was 18570-18700 yuan / ton, Zijin was traded at 18670-18750 yuan / ton, Huludao was quoted at 19920 yuan / ton, zinc common to 2008 contract was quoted at around 200 yuan / ton to 250 yuan / ton, Zijin was quoted around 300 yuan / ton for August contract, and the price of Zijin rose from 130 yuan / ton to about 140 yuan / ton compared with Shanghai stock market. 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 250 yuan per ton for the 08 contract. Chi Hong quoted a rise of 200 yuan per ton for the 08 contract, and the high-priced brand Zijin offered a rise of 300 yuan per ton for the August contract, while Baiyin quoted a rise of 180 yuan per ton for the 08 contract. The fourth Ring Road (delivered) is quoted at 100-150 yuan / ton for the 08 contract, and ha zinc (including out of the warehouse) is quoted at 120 yuan / ton for the 08 contract. Zinc prices rose and fell back today, the first period of time, the market maintained yesterday Shengshui shipments, but smelter shipments were less, traders further bid shipments, of which Hongye and Zijin brands rose more; downstream, futures prices and rising water rose further, downstream wait-and-see will gradually thicken, to maintain weak rigid demand procurement. On the whole, today's turnover is slightly weaker than yesterday. Zinc ingots traded around 18440-18520 yuan / ton.

Brand

Discount (11:15)

Chi Hong

Hong Ye

880 250

Lark

8200

Purple gold

8300

Huludao

81470

Silver

8: 180

Fourth Ring Road (delivered)

8100-150

Yunnan tin

880 160

Ha Zinc (exempt from the library)

8120

Zinc

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