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

Published: Aug 3, 2017 10:27

Save

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.

South Korea Launches Anti-Dumping Probe into Galvanized Mild Steel Wire from China

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

China Environmental Protection Greatly Impacts Zinc Downstream Industry in July, SMM Reports

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.

zinc price spread zinc import 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.

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

10 hours ago

Zhongjin Lingnan's Fankou Lead-Zinc Mine to Resume Production After Rectification

According to the announcement released by Zhongjin Lingnan on September 16, the Fankou Lead‑Zinc Mine of the Company has completed rectification in accordance with the relevant requirements of the Guangdong Provincial Department of Emergency Management. Following successive acceptance inspections by higher‑level safety regulatory authorities, the mine will resume production starting from September 17, 2026.

10 hours ago

13 hours ago

Ore supply tightness supports zinc prices; SHFE zinc consolidates and rebounds in the daytime session [SMM zinc futures review]

[Tight ore supply supports zinc prices, SHFE zinc consolidates and rebounds in daytime session] The daytime SHFE zinc 2611 contract opened at 26,145 yuan/mt, dipped to 26,100 yuan/mt in early trading, then drifted higher to touch a high of 26,310 yuan/mt, and finally settled at 26,300 yuan/mt, up 130 yuan/mt from the night session close, a gain of 0.50%. Trading volume decreased to 50,421 lots, while open interest increased by 1,560 lots to 125,000 lots......

13 hours ago

14 hours ago

Shengda Resources Subsidiary Renews Mining Rights for Dadi Silver-Lead-Zinc Mine in Inner Mongolia

According to an announcement by Shengda Resources on September 15, its wholly owned subsidiary, Inner Mongolia Guangda Mining, recently completed the renewal of the mining right for the Dadi silver-lead-zinc mine in Keshiketeng Banner, Inner Mongolia. The subsidiary obtained the Real Estate Ownership Certificate (Mining Right) and Mining License issued by the Chifeng Municipal Bureau of Natural Resources.

14 hours ago