Here’s Why Price Spread Narrows Sharply between Imported and Domestic Zinc, SMM Reports

SHANGHAI, Aug. 3 (SMM) - The price spread between domestic and imported zinc has narrowed recently, SMM noted.

Discounts of imported #0 zinc contracted from around 300 yuan per tonne in mid-June to 20-10 yuan per tonne at present. Prices for some imported zinc are almost flat at domestic prices.

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Decreased influx of imported zinc has narrowed the price spread, SMM said.

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Import profit inverted to losses. Besides, consumption of imported zinc was strong. Moreover, bonded zone inventories also decreased.

The price spread between domestic and imported zinc will remain small in the near term, SMM predicts, citing limited imports due to import losses.