Shanghai Zinc Spot Premiums Rise to Record High as Short Squeeze Intensifies, SMM Reports

Published: Jun 12, 2017 15:15 (GMT+8)

Save

Spot premiums on #0 zinc in Shanghai expanded 210-300 yuan per tonne from last Friday to an all-time high of 1,160-1,300 yuan per tonne over July zinc on the Shanghai Futures Exchange (SHFE) June 12,

SHANGHAI, Jun. 12 (SMM) – Spot premiums on #0 zinc in Shanghai expanded 210-300 yuan per tonne from last Friday to an all-time high of 1,160-1,300 yuan per tonne over July zinc on the Shanghai Futures Exchange (SHFE) June 12, SMM data showed.

Zinc Inventories Fall More Sharply in China Major Markets, SMM Reports

Spot zinc supplies are insufficient before delivery, increasing short squeeze in the market. The price spread between domestic and imported zinc expanded to 270-280 yuan per tonne, also the largest in record.

#0 zinc in Shanghai traded in the range of 23,400-23,580 yuan per tonne on June 12.

China Refined Zinc Output Posts Remarkable Decline in May, SMM Reports

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

zinc prices TCs zinc concentrate zinc inventories LME zinc prices SHFE zinc prices zinc ore zinc supply

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

6 hours ago

Fundamentals show both bullish and bearish factors, SHFE zinc consolidates at highs [SMM Zinc Futures Brief]

[Both bullish and bearish fundamentals exist, SHFE zinc consolidates at highs] The most-traded SHFE zinc 2611 contract opened at 26,705 yuan/mt. After the opening, SHFE zinc consolidated around the daily average, touching a high of 26,775 yuan/mt during the session, but then pulled back in the afternoon. SHFE zinc dipped to a low of 26,580 yuan/mt near the close, and finally closed down at 26,580 yuan/mt, down 95 yuan/mt, or 0.36%. Trading volume increased to 62,064 lots.....

6 hours ago

Western Mining Subsidiary Receives 17-Year License for Qinghai Polymetallic Mine

On September 22, Western Mining announced that its wholly owned subsidiary, Qinghai Ganxin Mining Development Co., Ltd. (“Ganxin Mining”), recently obtained a Mining License issued by the Department of Natural Resources of Qinghai Province. The mine, named the Geermu Tuwenchahan Iron Polymetallic Mine of Qinghai Ganxin Mining Development Co., Ltd., covers iron, copper, gold, molybdenum, zinc, lead, and silver as the permitted mining commodities. The mining license is valid from August 3, 2026, to August 30, 2043.

6 hours ago

7 hours ago

Data: SHFE, DCE market movement (Sep 22)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 22 Sep , 2026

7 hours ago