SMM May 18: at the 16th lead and Zinc Summit held by Shanghai Futures Exchange and SMM in 2021, Hong Weiqiang, manager of Zinc Department of Shanghai Shangming Metal Materials Co., Ltd., said that with the landing of Tianjin zinc ingot delivery warehouse, the domestic zinc ingot trade situation is becoming more and more mature.
Since the beginning of this century, China has become the largest producer of zinc in the world, and the domestic consumption of zinc is also considerable. According to previous data, domestic zinc consumption areas are mainly concentrated in East China, South China and North China, of which East China is the main consumption area.
With the increase of domestic zinc consumption year by year, galvanizing industry has become the largest consumer market, mainly used in construction, automobile, light industry, machinery and military industry, daily necessities and electric power. China's galvanizing enterprises are mostly concentrated in North China, East China and other areas.
As for die-casting enterprises, they are mostly concentrated in East and South China, accounting for 86%, while zinc oxide enterprises are mostly distributed in East and North China.
It is worth mentioning that, because there are slight differences in supply and demand in different regions, the prices of zinc ingots in different regions of the country tend to vary slightly according to different regions. SMM mainly investigated the differences in inventory and discount among the three places, including Shanghai, Guangdong and Tianjin. The specific performance of inventory is as follows:
"Click to view the SMM zinc industry chain database
Subdivided into specific areas, the average price of zinc ingots in Shanghai is 100 yuan / ton in 2020, 70 yuan / ton in 2021, 65 yuan / ton in Tianjin in 2020, 84 yuan / ton in 2021, 112 yuan / ton in Guangdong in 2020 and 34 yuan / ton in 2021.
Tianjin delivery warehouse landed domestic zinc ingot trade situation tends to mature
Nowadays, with the landing of the delivery warehouse in Tianjin, the domestic trade form of zinc ingots is becoming more and more mature.
It is also good for downstream enterprises: price fluctuation tends to be a reasonable range, and price protection, resource modulation and goods circulation play a protective role.
Benefits: increased mobility and large number of participants
Disadvantages: from the original information inequality can get a good profit space to the current information transparency.
