Shanghai Zinc Spot Premiums to Fall Further in Near Term, SMM Reports

Published: May 25, 2017 15:36 (GMT+8)

Save

Spot premiums of #0 zinc against SHFE front-month zinc slipped rapidly over the past two days as SHFE zinc rose. Spot premiums are expected to weaken further in the near term, SMM said.

SHANGHAI, May 25 (SMM) - Spot premiums of #0 zinc against SHFE front-month zinc slipped rapidly over the past two days as SHFE zinc rose. Spot premiums are expected to weaken further in the near term, SMM said.

Zinc Spot Premiums in Guangdong Shrink Fast on More Supplies, SMM Reports

SHFE zinc prices advanced and pointed toward 23,000 yuan per tonne this week. In this scenario, downstream buyers refrained from buying. And traders witnessed slow sales. Spot premiums on regular #0 zinc brands have fell from 390 yuan per tonne to 280 yuan per tonne.

Putian Port Imports Zinc Oxide Concentrates for the First Time

In the meantime, imported zinc flowed to Shanghai market recently. So, spot premiums are set to decrease further in the near term, SMM added.

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

21 hours ago

Data: SHFE, DCE market movement (Oct 09)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 09 Oct , 2026

21 hours ago

Oct 09, 2026 11:57 (GMT+8)

Tianjin Zinc: Futures Decline, Downstream Price Fixing Increases [SMM Midday Review]

[Tianjin Zinc: Futures Decline, Downstream Price Fixing Increases] In the Tianjin market, mainstream transactions for #0 zinc ingot were at 25,650-26,060 yuan/mt, Zijin transactions were at 25,830-26,170 yuan/mt, and #1 zinc ingot transactions were around 26,020-26,340 yuan/mt. Zijin was quoted at a premium of 130-150 yuan/mt against the 2611 contract, while Huxin was quoted at 27,430 yuan/mt. #0 zinc ingot was quoted at a premium of 70 yuan/mt to a discount of 30 yuan/mt against the 2611 contract. The Tianjin market was quoted at a discount of 20 yuan/mt against the Shanghai market.

Oct 09, 2026 11:57 (GMT+8)

Oct 09, 2026 11:54 (GMT+8)

First Majestic Reports Q3 Production Decline at Los Gatos Mine, Plans Expansion for 2026 Growth

Canada's First Majestic Silver released its third-quarter production report on October 8. Its Los Gatos silver-lead-zinc mine in Mexico produced 13,277,264 pounds (approximately 6,022 tonnes) of zinc during the quarter — down 4% year-on-year and 19% quarter-on-quarter — and 7,839,182 pounds (approximately 3,556 tonnes) of lead, up 2% year-on-year but down 13% quarter-on-quarter. Dragged down by a slight decline in zinc and lead recovery rates, output of both metals fell versus the prior quarter. The company is advancing expansions at the Los Gatos and Santa Elena processing plants, aiming to achieve sustained throughput growth to 4,000 t/d in the second half of 2026.

Oct 09, 2026 11:54 (GMT+8)