Spot Zinc Premiums Invert to Discounts as SHFE Zinc Rides Roller Coaster, SMM Reports

Published: Jun 29, 2017 14:15

Save

Spot zinc premiums in China’s major markets turned to discounts on June 29, SMM data showed.

SHANGHAI, Jun. 29 (SMM) - Spot zinc premiums in China’s major markets turned to discounts on June 29, SMM data showed.

SHFE zinc surged after opening, and then hovered around 22,800 yuan per tonne. Zinc smelters sold actively, but trading was slack as downstream buyers lacked buying interest.

Chile to Restart Copper Mine Projects, and See Massive Investment in 2018

Premiums shrank 30-120 yuan per tonne over July zinc on the SHFE in Shanghai. #0 zinc traded 20 yuan per tonne below or 200 yuan per tonne above SHFE July zinc. Premiums in Guangdong shrank from 30-50 yuan per tonne to discounts of 30-50 yuan per tonne today.

Japan Zinc Shipments Fall Remarkably January-May

#0 zinc traded in a 22,750-23,060 yuan per tonne range in Shanghai on June 29. #0 zinc prices in Guangdong were 22,800-22,850 yuan per tonne and 22,950-23,990 yuan per tonne in Tianjin.

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

For any inquiries or for more information, please contact: lemonzhao@smm.cn

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

Related News

15 hours ago

[SMM Announcement] Notice on the Adjustment of Zinc Concentrate Production Indicators for Romina and Paragsha

15 hours ago

16 hours ago

Shanghai Zinc: Market Suppliers Continue to Hold Prices Firm; Shanghai Spot Premiums Uptrend Persists [SMM Midday Review]

[Shanghai Zinc: Suppliers Continued to Hold Prices Firm, Shanghai Spot Premiums Kept Rising] #0 zinc mainstream transaction prices were concentrated at 24,355-24,490 yuan/mt today, Shuangyan saw no transactions, and #1 zinc mainstream transactions were at 24,285-24,420 yuan/mt. In early trade, quotes against the SMM average price were at premiums of 50-60 yuan/mt, while there were no quotes against the futures price yet...

16 hours ago

Ningbo zinc: Zinc futures prices edge down, traders continue to raise spot zinc quotations [SMM Midday Review]

[Ningbo Zinc: Futures Zinc Price Edges Down, Traders Continue to Raise Spot Offers] In the Ningbo market, the transaction price of mainstream brand 0# zinc is around 24,345-24,460 yuan/mt. The quotes for conventional brands in Ningbo are at a premium of 35 yuan/mt against the 2608 contract, and a premium of 20 yuan/mt against Shanghai spot zinc. Mainstream offers in Ningbo are against the 2608 contract...

16 hours ago