Spot Zinc Premiums in Guangdong Grow on Tightened Supply-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • Air pollution
  • Macroeconomics
  • Production data
  • Zinc
  • Futures movement
  • Aluminium
  • hydrogenation stations
  • Nickel
  • Copper
  • nickel laterite
  • In the United States
  • Morning comments
  • Market commentary
  • Nickel ore

Spot Zinc Premiums in Guangdong Grow on Tightened Supply

SMM Insight 11:00:42AM Aug 28, 2015 Source:SMM

SHANGHAI, Aug. 28 (SMM) - Spot premiums of #0 zinc in Guangdong against SHFE zinc contracts for October delivery widened from 100-150 yuan to 200-250 per tonne recently,according to SMM data.

“This is because of tightening supply there”, said an SMM zinc analyst. Some smelters held back goods to Guangdong while ramping up supplies to Jiangsu and Zhejiang now that spot premiums in Shanghai over Guangdong increased from 50 yuan to 100-150 yuan per tonne recently. Guangdong Nanchu’s arriving shipments have thus declined since early and mid-August.

Meanwhile, outward shipments from Nanchu grew since last week. Continuously falling zinc prices have attracted some traders and downstream buyers to rush to the market. Some die-cast zinc alloy plants restarted during July-August, and began to replenish raw materials.

Guangdong’s zinc inventories fell 3,000 tonnes last week from late July. Nevertheless, some smelters may increase supplies to Guangdong in September, SMM adds, helping ease local supply tightness. 

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



0# Zinc Ingot(Zn99.995) 7 Day Chart

Relative News

Price

more
Aluminum Ingot
Oct.21
13960.0
-40.0
(-0.29%)
Aluminum Ingot - Fo Shan
Oct.21
13920.0
-40.0
(-0.29%)
Aluminum Ingot - Wu Xi
Oct.18
14000.0
20.0
(0.14%)
Aluminum Ingot - Hang Zhou
Oct.18
14040.0
55.0
(0.39%)
Aluminum Ingot - Chong Qing
Oct.18
13980.0
60.0
(0.43%)

Spot Zinc Premiums in Guangdong Grow on Tightened Supply

SMM Insight 11:00:42AM Aug 28, 2015 Source:SMM

SHANGHAI, Aug. 28 (SMM) - Spot premiums of #0 zinc in Guangdong against SHFE zinc contracts for October delivery widened from 100-150 yuan to 200-250 per tonne recently,according to SMM data.

“This is because of tightening supply there”, said an SMM zinc analyst. Some smelters held back goods to Guangdong while ramping up supplies to Jiangsu and Zhejiang now that spot premiums in Shanghai over Guangdong increased from 50 yuan to 100-150 yuan per tonne recently. Guangdong Nanchu’s arriving shipments have thus declined since early and mid-August.

Meanwhile, outward shipments from Nanchu grew since last week. Continuously falling zinc prices have attracted some traders and downstream buyers to rush to the market. Some die-cast zinc alloy plants restarted during July-August, and began to replenish raw materials.

Guangdong’s zinc inventories fell 3,000 tonnes last week from late July. Nevertheless, some smelters may increase supplies to Guangdong in September, SMM adds, helping ease local supply tightness. 

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



0# Zinc Ingot(Zn99.995) 7 Day Chart