Shanghai Zinc Spot Discounts Shrink with Better Trading, SMM Reports

Published: Jul 7, 2017 13:38

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Spot discounts of domestic zinc narrowed 10-20 yuan per tonne in Shanghai market July 7 as trading improved, SMM reported.

SHANGHAI, Jul. 7 (SMM) - Spot discounts of domestic zinc narrowed 10-20 yuan per tonne in Shanghai market July 7 as trading improved, SMM reported.

China Galvanizers Scale back Production on Raw Material Shortages, SMM Reports

#0 zinc traded 40 yuan per tonne below or 120 yuan per tonne above July zinc on the Shanghai Futures Exchange (SHFE). Downstream buyers purchased actively when zinc prices were lower. Overall trading was better than yesterday.

Zinc Consumption Severely Impacted after Production Restrictions at Galvanizers, SMM Reports

#0 zinc traded mainly in 23,060-23,250 yuan per tonne range in Shanghai on July 7. #0 zinc prices in Guangdong were 23,000-23,050 yuan per tonne and 23,100-23,300 yuan per tonne in Tianjin.

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zinc premiums zinc prices zinc SHFE zinc price LME zinc price

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.

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