SHANGHAI, Jun. 13 (SMM) – Spot premiums on #0 zinc over SHFE July zinc narrowed 180 yuan per tonne to 980-1,300 yuan per tonne on June 13 in Shanghai market, according to SMM data.

The price spread between domestic and imported zinc expanded further from yesterday to 320-430 yuan per tonne.

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

Zinc inventories grew slightly, but supplies tightness of spot zinc saw no noticeable relief.

#0 zinc traded in a 22,320-22,900 yuan per tonne range in Shanghai June 13. #0 zinc prices in Guangdong were 22,650-22,750 yuan per tonne and 22,600-23,710 yuan per tonne in Tianjin.

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

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