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Home / Metal News / Shanghai Zinc Spot Premiums Rise to Record High as Short Squeeze Intensifies, SMM Reports

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

Jun 12, 2017 15:15

Source: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,

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

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

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