Zinc Trading Improves as SHFE Zinc Tumbles, SMM Reports

Published: Aug 1, 2017 13:52

Save

Transactions for spot zinc improved in Shanghai market today after September zinc on the Shanghai Futures Exchange (SHFE) slumped, SMM reports.

SHANGHAI, Jul. 1 (SMM) – Transactions for spot zinc improved in Shanghai market today after September zinc on the Shanghai Futures Exchange (SHFE) slumped, SMM reports.

Traders and downstream buyers were both active, contributing to overall transactions.

Fundamentals to Keep Zinc Prices High This Week, SMM Foresees

Spot discounts in Shanghai narrowed additional 10 yuan per tonne in Shanghai market over August zinc on the SHFE on August 1, SMM data showed.

Zinc Inventories Add in China Major Markets, SMM Reports

#0 zinc traded mainly in 23,120-23,340 yuan per tonne range in Shanghai on August 1. #0 zinc prices in Guangdong were 23,150-23,180 yuan per tonne and 23,330-24,200 yuan per tonne in Tianjin, according to SMM.

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

zinc premiums zinc prices zinc SHFE zinc price LME zinc price zinc 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.

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

12 hours ago

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

12 hours ago

13 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...

13 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...

13 hours ago