Zinc Spot Discounts Expand in Shanghai, Trade Slackens, SMM Reports

Published: Jul 25, 2017 13:45

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Spot discounts for regular #0 zinc expand 30 yuan per tonne in Shanghai market over August zinc on the Shanghai Futures Exchange (SHFE) on July 25.

SHANGHAI, Jun. 25 (SMM) - Spot discounts for regular #0 zinc expand 30 yuan per tonne in Shanghai market over August zinc on the Shanghai Futures Exchange (SHFE) on July 25. Spot zinc prices in Guangdong were quoted at discounts of 20-0 yuan per tonne over August zinc. Spot premiums in Tianjin were 220-300 yuan per tonne, SMM reported.

Zinc Inventories in Three China Major Markets to Grow in August, SMM Foresees

Trading weakened today as downstream buyers only purchased on an as-needed basis due to high zinc prices, SMM noted.

It’s Not Necessary to Get Frustrated after China Zinc Imports Jump, SMM Says

#0 zinc traded mainly in 23,080-23,360 yuan per tonne range in Shanghai on July 25. #0 zinc prices in Guangdong were 23,150-23,180 yuan per tonne and 23,380-24,290 yuan per tonne in Tianjin, SMM data showed.

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spot premiums zinc prices SHFE zinc spot discounts

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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