Guangdong Zinc Spot Premiums Outstrip Tianjin and Shanghai, SMM Reports

Published: May 11, 2017 16:01 (GMT+8)

Save

Spot premiums on #0 zinc in Guangdong rose above those in Tianjin and Shanghai due to tightening supply, SMM reported.

SHANGHAI, May 11 (SMM) - Spot premiums on #0 zinc in Guangdong rose above those in Tianjin and Shanghai due to tightening supply, SMM reported.

Spot premiums on #0 zinc in Guangdong expanded 30-40 yuan from last week to 300 yuan per tonne over July zinc on the SHFE. Arriving shipments decrease rapidly because of maintenance at zinc smelters in South China. Meanwhile, outward shipments are normal.

China Refined Zinc Output Decreases in April, SMM Reports

Zinc Inventories Fall in China Major Markets, SMM Reports

Spot premiums in Guangdong will stay high for the coming week, SMM predicts.

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

premiums zinc imports SHFE/LME zinc price ratio zinc prices zinc output

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 for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

Tianjin Zinc: Downstream Pricing and Cargo Pick-up Increase as Holiday Approaches [SMM Midday Commentary]

[Tianjin Zinc: Downstream cargo pick-up via price fixation increases ahead of holiday] In the Tianjin market, mainstream #0 zinc ingot traded at 26,370-26,620 yuan/mt, Zijin traded at 26,690-26,820 yuan/mt, #1 zinc ingot traded near 26,320-26,460 yuan/mt, Zijin was quoted at a premium of 200 yuan/mt against the 2611 contract, Huxin was quoted at 28,045 yuan/mt, #0 zinc ingot was quoted at a premium of 50 yuan/mt to a discount of 0 yuan/mt against the 2611 contract, and Tianjin was quoted at a discount of 25 yuan/mt against Shanghai.

1 hour ago

Guangdong zinc: Market activity turned weaker, spot premiums stable [SMM midday comment]

[Guangdong: Market activity weakened, spot premiums stable] Guangdong 0# zinc was mainly traded at 26,425-26,515 yuan/mt, with mainstream brands quoted at discounts of 55-25 yuan/mt against the 2611 contract and a discount of 10 yuan/mt against Shanghai spot cargo. The Shanghai-Guangdong price spread remained...

1 hour ago

Shanghai Zinc: Sluggish Trading Atmosphere on the Last Trading Day Before the Holiday [SMM Midday Commentary]

[Shanghai Zinc: Sluggish Trading on the Last Trading Day Before the Holiday] Today, mainstream transaction prices for #0 zinc were concentrated at 26,480-26,600 yuan/mt, with no transactions for Shuangyan. Mainstream transaction prices for #1 zinc were at 26,410-26,530 yuan/mt. In the morning session, cargoes with invoices dated next month were quoted at premiums of 70-80 yuan/mt against the SMM average price, with no quotes against the contract...

1 hour ago