Spot Zinc Trading Slows in Shanghai (Feb. 27, 2015)

SHANGHAI, Feb. 27 (SMM) – #0 zinc ingot traded at RMB 16,080-16,130/mt in Shanghai on Friday, a RMB 60-100/mt premium to the SHFE 1504 zinc contract. Large quantities of zinc from Kazakstan flowed into the market, leaving domestic zinc trading muted. #1 zinc ingot sold for RMB 16,030-16,040/mt. The SHFE 1504 zinc contract fell RMB 10/mt to RMB 16,020/mt on Friday. Zinc smelters sold normally. Cargo holders became willing to sell. Trading was light although some downstream producers bought in small volumes. Shuangyan and Hongda branded #0 zinc traded at RMB 16,120-16,130/mt, a RMB 100-110/mt premium to the SHFE 1504 zinc contract. Huize branded #0 zinc traded at RMB 16,110-16,120/mt, a RMB 90-100/mt premium. Yuguang branded #0 zinc traded at RMB 16,100-16,110/mt, a RMB 80-90/mt premium. Qinxin and Qilin branded #0 zinc traded at RMB 16,080-16,090/mt, a RMB 70-80/mt premium. Baohui branded #0 zinc traded at RMB 16,070-16,080/mt, a RMB 60-70/mt premium. SMC branded #0 zinc traded at RMB 16,060-16,070/mt, a RMB 40-50/mt premium. KZ branded #0 zinc traded at RMB 16,030-16,040/mt, a RMB 10-20/mt premium. #0 zinc from Belgium and Namibia traded at RMB 16,010-16,020/mt, a RMB 0-10/mt discount.