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SMM7 31. Shanghai zinc ingots are in stock.
Jul 31,2020 11:53CST
translation
Source:SMM
SMM July 31: zinc upward momentum is insufficient, downstream prices are lower today, the willingness to purchase warmed up, but more cautious replenishment.
The content below was translated by Tencent automatically for reference.

SMM, July 31:

The mainstream transaction of zinc in Shanghai was 18780,18880 yuan / ton, and that of Shuangyan was 18790,18890 yuan / ton; the price of zinc in Shanghai was 600.70 yuan / ton in August; the price of zinc in Shuangyan was 70,80yuan / ton in August; and that of zinc in Shuangyan was 18710-18810 yuan / ton. Shanghai Zinc 2008 contract fluctuated downward, the first trading session of the morning market closed at 18710 yuan / ton, the market fluctuated downwards, and the market shipping mood was good. Morning market transactions of ordinary zinc brands were concentrated in the vicinity of the average price of the SMM net to a discount of 5 yuan / ton, and the market quotation rose 80 yuan / ton to the 2008 contract in the morning, but the market trading was light and traders lowered the bid price to 70 yuan / ton. Entering the second period of time, the market further lowered the price of rising water, and the ordinary zinc brand of the holder lowered the price to 600.70 yuan / ton; the upward momentum of zinc in the future was insufficient, and the willingness to purchase warmed up after today's lower prices in the lower reaches, but it was more cautious to replenish the stock.

 

Zinc
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