SHANGHAI, Jun. 14 (SMM) - Imported zinc is more popular with downstream buyers and traders in Shanghai market due to high premiums of domestic #0 zinc against SHFE July zinc, SMM reported.
The price spread between domestic and imported zinc was 300 yuan per tonne on June 14, according to SMM data.
Premiums on #0 zinc narrowed 60-150 yuan per tonne from June 13 to 920-1,150 yuan per tonne over SHFE July zinc on June 14.
#0 zinc traded in a 22,380-22,640 yuan per tonne range in Shanghai June 14. #0 zinc prices in Guangdong were 22,500-22,550 yuan per tonne and 22,300-23,500 yuan per tonne in Tianjin.
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