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

Published: Feb 27, 2015 14:06
#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.

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.
 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Spot Zinc Trading Slows in Shanghai (Feb. 27, 2015) - Shanghai Metals Market (SMM)