[SMM afternoon Review] Tianjin Zinc: the shortage of goods once again boosts the purchase of rigid demand downstream of the water supply.

SMM7 March 31:

The mainstream trading of zinc ingots in Tianjin market was 18980-19010 yuan / ton, Zijin was traded at 19010-19090 yuan / ton, Huludao was quoted at 20220 yuan / ton, zinc common to 2008 contract was quoted around 180 yuan / ton to 240yuan / ton, Zijin to August contract was quoted around 300,320 yuan / ton, compared with Shanghai market, the price of water rose from 140yuan / ton to 160yuan / ton in Tianjin. Today, the price of zinc in Shanghai has gone up and down, and the spot market has maintained the price of rising water, and the price is relatively uniform. The ordinary brand Bering News has quoted a rise of 200 yuan per ton for the 08 contract, and Hongyi has quoted a rise of 240 yuan per ton for the 08 contract. Chi Hong quoted a rise of 180-200 yuan per ton for the 08 contract, while the high-priced brand Zijin quoted a rise of 300-320 yuan per ton for the August contract, while Baiyin quoted a rise of 160 yuan per ton for the 08 contract. The fourth Ring Road (delivered) quoted a rise of 100 yuan / ton for the 08 contract, Huize reported a rise of 200 yuan / ton for the 08 contract, and ha zinc (including out of the warehouse) quoted a rise of 120 yuan / ton for the 08 contract. The price of zinc has gone up and down today. During the first period of time, traders maintained the quotation of rising water today, in which ordinary brands maintained the quotation of rising water, while the volume of purple gold goods was less, they raised the quotation of rising water again, and Tianjin has received a small amount of water. In the downstream, the absolute price is still high, the superimposed rising discount remains high, and the rigid demand of downstream enterprises is the main procurement. On the whole, the deal was mediocre today. Zinc ingots traded around 18800-18860 yuan / ton.

Brand

Discount (11:15)

Chi Hong

Hong Ye

8: 240

Lark

8200

Purple gold

8: 320

Huludao

81450

Silver

880 160

Huize

8200

Fourth Ring Road (delivered)

8100

Ha Zinc (exempt from the library)

8120