Review of Spot zinc prices in Guangdong last week

Telah Terbit: May 15, 2023 17:32
Sumber: SMM
#0 zinc spot was quoted with premiums of 180-190 yuan/mt over SHFE 2306 zinc contract, and discounts in Guangdong stood at 10 yuan/mt to premiums of 10 yuan/mt against Shanghai prices. In the first half of the week, the continuous fall in zinc prices, combined with downstream stockpiling after Labour Day holiday improved spot trades.

#0 zinc spot was quoted with premiums of 180-190 yuan/mt over SHFE 2306 zinc contract, and discounts in Guangdong stood at 10 yuan/mt to premiums of 10 yuan/mt against Shanghai prices. In the first half of the week, the continuous fall in zinc prices, combined with downstream stockpiling after Labour Day holiday improved spot trades.

Sellers gained more profit as the price spread between the SHFE front-month and SHFE next-month zinc contracts narrowed, and lacked motivation to raise quotes. Spot premiums thus inched down.

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Review of Spot zinc prices in Guangdong last week - Shanghai Metals Market (SMM)