Spot Zinc Premiums in Shanghai Moved At Lows Last Week

Spot premiums moved at lows last week. As of last Friday, premiums of domestic regular brands stood at 150 yuan/mt over the SHFE 2306 zinc contract, and spot premiums of Shuangyan zinc were 250-270 yuan/mt over the contract. Zinc prices rebounded last week. At the same time, imported zinc ingot brands continued to impact the market.

Due to poor shipments, traders lowered their premiums. Imported zinc ingot brands were quoted with a premium of around 100 yuan/mt against the SHFE 2306 contract. The deal was poor. It is expected that this week, imported zinc ingots will continue to arrive, and the premiums may have room to decline.

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