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Home / Metal News / Zinc Spot Premiums Narrow Precipitously in Shanghai, and Imported Zinc Inverts to Discounts, SMM Reports

Zinc Spot Premiums Narrow Precipitously in Shanghai, and Imported Zinc Inverts to Discounts, SMM Reports

Jun 28, 2017 13:54

Source:SMM

Spot premiums of domestic zinc contracted sharply by 90-120 yuan per tonne to 100-230 yuan per tonne on June 28, SMM data showed.

SHANGHAI, Jun. 28 (SMM) - Spot premiums of domestic zinc contracted sharply by 90-120 yuan per tonne to 100-230 yuan per tonne on June 28, SMM data showed.

Chinese zinc smelters were more willing to sell due to high zinc prices. But downstream buyers purchased limitedly, SMM explained.

China Zinc Imports Return to Loss Territory, SMM Reports

Premiums of regular #0 zinc were lowered from 150 yuan per tonne to as low as 100 yuan per tonne.

Societe Generale Lowers Base Metals Forecast for 2017 and 2018

Premiums of some imported zinc also inverted to discounts, SMM added. Traders and downstream buyers both lacked buying interest as import losses continue expanding. Some additional imported resources arrived in Shanghai today.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

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For queries, please contact William Gu at williamgu@smm.cn

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On the one hand, Teck Resources has signed an annual zinc concentrate contract with a 45% increase in TCs to $230/dmt. An escalation clause was included: if the prices of zinc exceed $3,800/mt, TCs will rise by $0.05/mt for every $1/mt increase in the prices of LME zinc, but if the zinc prices fall, TCs will remain unchanged (the same as the 20%/80% price sharing scheme in China).

Apr 11, 2022 15:09

Analysis

A Short Squeeze May Occur Overseas Followed by the Domestic Market

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Total zinc ingots inventories across seven major markets in China stood at 278,000 mt as of April 8, up 5,200 mt from April 1, down 300 mt from March 6. Domestic inventories increased.

Apr 8, 2022 16:45

SMM Insight

SMM China Zinc Inventory in Major Markets Rose 5,200 mt on Week

SMM Analysis of Chinese Zinc Market Fundamentals After Zinc Prices Surged on Energy Concerns

SHANGHAI, Mar 25 (SMM) - LME zinc jumped over 7% and hit a new high since March 9 at $4,195/mt on March 23 as the escalation of the Russian-Ukrainian conflict and the rising energy prices caused the market to worry about supply shortages.

Mar 25, 2022 10:17

Industry SMM Insight

SMM Analysis of Chinese Zinc Market Fundamentals After Zinc Prices Surged on Energy Concerns

Increased zinc imports weigh on spot offers

Traders continued to lower offers in China’s spot zinc market on Thursday May 10 as supply of imported zinc increased, SMM learned.

May 10, 2018 15:05

SMM Comments

Increased zinc imports weigh on spot offers

China's spot zinc offers dip amid quiet trading

In China's spot zinc market on Wednesday May 9, smelters continued to lower offers after thinner transactions from the previous day

May 9, 2018 15:57

SMM Comments

China's spot zinc offers dip amid quiet trading

SHFE zinc plunges amid pessimistic sentiment

SHFE zinc tumbled during the day and touched a low at 23,605 yuan/mt on Thursday April 12 despite better fundamentals since the start of this month.

Apr 12, 2018 15:43

SMM Comments SMM Insight

SHFE zinc plunges amid pessimistic sentiment

SMM Evening Comments (Apr 10)

SMM Evening Comments

Apr 10, 2018 18:04

SMM Comments

SMM Evening Comments (Mar 15)

SMM Evening Comments

Mar 15, 2018 17:50

SMM Comments

Snapshot: Zinc spot market in Shanghai

Trading remained flat in the Shanghai zinc spot market today as sellers were unwilling to releases cargoes after zinc prices fell.

Mar 15, 2018 13:26

Analysis

Losses on zinc imports shrink

Losses on zinc imports narrowed to 150-250 yuan/mt recently as LME zinc faced resistance and edged down.

Mar 15, 2018 11:35

Analysis

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Zinc Spot Premiums Narrow Precipitously in Shanghai, and Imported Zinc Inverts to Discounts, SMM Reports

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2024 SMM Middle East Secondary Metal Field Trip

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2025 SMM (20th) Lead & Zinc Conference and Industry Expo