Home / Metal News / Zinc Spot Premiums in Guangdong Narrow Dramatically Further, SMM Reports

Zinc Spot Premiums in Guangdong Narrow Dramatically Further, SMM Reports

iconJun 23, 2017 21:40
Source:SMM
Spot premiums on #0 zinc in Guangdong shrank from 800 yuan per tonne early in the week to 100 yuan per tonne on June 23.

SHANGHAI, Jun. 23 (SMM) - Spot premiums on #0 zinc in Guangdong shrank from 800 yuan per tonne early in the week to 100 yuan per tonne on June 23. Premiums over Shanghai inverted from 200 yuan per tonne to discounts of 250 yuan per tonne over Shanghai prices, SMM data showed.

LME Zinc Outshines Other Nonferrous Metals - Here’s Why, SMM Reports

Inflows of imported zinc weighed down domestic zinc prices. Meanwhile, cash tightness allowed traders to sell actively but purchase modestly. This led to big drop in premiums in Guangdong, SMM said. 

Where is Zinc Contango Going? SMM Analysis

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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news