SMM10 16 Shanghai spot: zinc price high shock trading market continues light mood

SMM, 16 October:

The mainstream transaction of zinc in Shanghai was 189701950 yuan / ton, that of Shuangyan and Huize was 1898019060 yuan / ton, that of zinc was 110-120 yuan / ton in November, that of Shuangyan and Huize was 120-130 yuan / ton, and that of zinc was 18900-18980 yuan / ton. Shanghai Zinc 1911 fell rapidly after a brief consolidation in the morning, closing at 18880 yuan / ton in the first trading session of the morning market. In the first trading session, some holders of ordinary brand zinc ingots sold at an average price of 5 yuan / ton to SMM net, followed by an increase of 110120 yuan / ton on the 1911 contract, and the mood of shipment and receipt in the market was relatively low. In the second trading session, the zinc price continued to weaken, and the holder maintained the rising price of 110-120 yuan / ton on the 1911 contract. The first batch of long order delivery ended, traders market trading is relatively light, some downstream enterprises today bargain replenishment, transactions slightly better than yesterday, but the market as a whole trading in general.

Qiao brand

Transaction interval

1911

Huize, Shuangyan

18980-19060

Water 120-130

Qin Zinc, Kirin, Yuguang, Jiulong

189701950

Litre 110-120

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