Import Window Opens for Zinc, SMM Says-Shanghai Metals Market

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Import Window Opens for Zinc, SMM Says

SMM Insight 05:58:16PM Aug 12, 2015 Source:SMM

SHANGHAI, Aug. 12 (SMM) - An import window for zinc opened on the rising SHFE/LME zinc price ratio, SMM says.

"LME zinc prices plunged due to RMB depreciation over the last two days, while SHFE zinc prices held relatively firm, increasing the SHFE/LME zinc price ratio”, SMM explains.

The SMM/LME zinc price ratio rose from 7.8 to 8.4. Import premiums are $ 130-150 per tonne for now, up from $ 100 per tonne last week, and are expected to rise further.

Import profit expanded to 200-600 yuan per tonne, but trading was not boosted significantly yet.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

 

Import Window Opens for Zinc, SMM Says

SMM Insight 05:58:16PM Aug 12, 2015 Source:SMM

SHANGHAI, Aug. 12 (SMM) - An import window for zinc opened on the rising SHFE/LME zinc price ratio, SMM says.

"LME zinc prices plunged due to RMB depreciation over the last two days, while SHFE zinc prices held relatively firm, increasing the SHFE/LME zinc price ratio”, SMM explains.

The SMM/LME zinc price ratio rose from 7.8 to 8.4. Import premiums are $ 130-150 per tonne for now, up from $ 100 per tonne last week, and are expected to rise further.

Import profit expanded to 200-600 yuan per tonne, but trading was not boosted significantly yet.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.