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Home / Metal News / Here’s Why Price Spread Narrows Sharply between Imported and Domestic Zinc, SMM Reports

Here’s Why Price Spread Narrows Sharply between Imported and Domestic Zinc, SMM Reports

Aug 3, 2017 10:27

Source:SMM

The price spread between domestic and imported zinc has narrowed recently, SMM noted.

SHANGHAI, Aug. 3 (SMM) - The price spread between domestic and imported zinc has narrowed recently, SMM noted.

Discounts of imported #0 zinc contracted from around 300 yuan per tonne in mid-June to 20-10 yuan per tonne at present. Prices for some imported zinc are almost flat at domestic prices.

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Decreased influx of imported zinc has narrowed the price spread, SMM said.

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Import profit inverted to losses. Besides, consumption of imported zinc was strong. Moreover, bonded zone inventories also decreased.

The price spread between domestic and imported zinc will remain small in the near term, SMM predicts, citing limited imports due to import losses.

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On the one hand, Teck Resources has signed an annual zinc concentrate contract with a 45% increase in TCs to $230/dmt. An escalation clause was included: if the prices of zinc exceed $3,800/mt, TCs will rise by $0.05/mt for every $1/mt increase in the prices of LME zinc, but if the zinc prices fall, TCs will remain unchanged (the same as the 20%/80% price sharing scheme in China).

Apr 11, 2022 15:09

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Apr 8, 2022 16:45

SMM Insight

SMM China Zinc Inventory in Major Markets Rose 5,200 mt on Week

US FOMC Meeting and the Performance of Post-Holiday Stocks This Week Remain as the Market Focus

Market focus this week include: the annualised reading of new housing starts in the United States in August, the initial value of the manufacturing PMI in the Eurozone in September, and the initial value of the Markit manufacturing PMI in the United States in September; China's one-year loan market quotation interest rate as of September 22. In terms of events, FOMC will announced the interest rate resolutions this Thursday; the Fed Chairman Powell will hold a press conference; and the European Central Bank will announces an economic bulletin.

Sep 22, 2021 10:39

SMM Insight

US FOMC Meeting and the Performance of Post-Holiday Stocks This Week Remain as the Market Focus

Increased zinc imports weigh on spot offers

Traders continued to lower offers in China’s spot zinc market on Thursday May 10 as supply of imported zinc increased, SMM learned.

May 10, 2018 15:05

SMM Comments

Increased zinc imports weigh on spot offers

China's spot zinc offers dip amid quiet trading

In China's spot zinc market on Wednesday May 9, smelters continued to lower offers after thinner transactions from the previous day

May 9, 2018 15:57

SMM Comments

China's spot zinc offers dip amid quiet trading

SHFE zinc plunges amid pessimistic sentiment

SHFE zinc tumbled during the day and touched a low at 23,605 yuan/mt on Thursday April 12 despite better fundamentals since the start of this month.

Apr 12, 2018 15:43

SMM Comments SMM Insight

SHFE zinc plunges amid pessimistic sentiment

SMM Evening Comments (Apr 10)

SMM Evening Comments

Apr 10, 2018 18:04

SMM Comments

SMM Evening Comments (Mar 15)

SMM Evening Comments

Mar 15, 2018 17:50

SMM Comments

Snapshot: Zinc spot market in Shanghai

Trading remained flat in the Shanghai zinc spot market today as sellers were unwilling to releases cargoes after zinc prices fell.

Mar 15, 2018 13:26

Analysis

Losses on zinc imports shrink

Losses on zinc imports narrowed to 150-250 yuan/mt recently as LME zinc faced resistance and edged down.

Mar 15, 2018 11:35

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Here’s Why Price Spread Narrows Sharply between Imported and Domestic Zinc, SMM Reports

SMM Events & Webinars

2024 SMM Middle East Secondary Metal Field Trip

NET ZERO MEA - Solar & Energy Storage

2025 SMM (20th) Lead & Zinc Conference and Industry Expo