Zinc Spot Premiums in Guangdong Narrow Dramatically Further, SMM Reports-Shanghai Metals Market

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Zinc Spot Premiums in Guangdong Narrow Dramatically Further, SMM Reports

SMM Insight 09:40:50PM Jun 23, 2017 Source:SMM

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 Spot Premiums in Guangdong Narrow Dramatically Further, SMM Reports

SMM Insight 09:40:50PM Jun 23, 2017 Source:SMM

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.