Zinc Spot Discounts Continue Narrowing in Shanghai, SMM Reports

Published: Jul 31, 2017 13:33

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Spot discounts for regular #0 zinc narrowed additional 10 yuan per tonne in Shanghai market over August zinc on the Shanghai Futures Exchange (SHFE) on July 28, with spot prices 50 yuan per tonne belo

SHANGHAI, Jul. 31 (SMM) - Spot discounts for regular #0 zinc narrowed additional 10 yuan per tonne in Shanghai market over August zinc on the Shanghai Futures Exchange (SHFE) on July 28, with spot prices 50 yuan per tonne below or 130 yuan per tonne above the latter, SMM reported.

Trade slacked in Shanghai market, SMM noted.

Fundamentals to Keep Zinc Prices High This Week, SMM Foresees

Zinc supply remains tight in Tianjin market. Environmental protection barely has any impact on local zinc consumption.

Zinc Inventories Add in China Major Markets, SMM Reports

#0 zinc traded mainly in 23,130-23,430 yuan per tonne range in Shanghai on July 31. #0 zinc prices in Guangdong were 23,250-23,300 yuan per tonne and 23,450-24,330 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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