Zinc Premiums Shrink Further in Shanghai, Buying Appetite Weakens, SMM Reports

Published: Aug 09, 2017 13:36 (GMT+8)

Save

Spot premiums of domestic zinc narrowed further by 50-70 yuan per tonne in Shanghai over SHFE September zinc today, SMM reports.

SHANGHAHI, Aug. 9 (SMM) - Spot premiums of domestic zinc narrowed further by 50-70 yuan per tonne in Shanghai over SHFE September zinc today, SMM reports.

SHFE Zinc Surges to 6-Month High after Sichuan Earthquake, SMM Reports

Downstream buyers rarely enter the market since SHFE zinc prices climbed, and overall transactions were weaker than yesterday across major markets, SMM noted. Zijin and Chihong brands remain in shortages.

Did Strong Earthquake in Xinjiang Impact Local Aluminum Plants and Lead-Zinc Mines? SMM Reports

#0 zinc traded mainly in 24,310-24,530 yuan per tonne range in Shanghai on August 9. #0 zinc prices in Guangdong were 24,280-24,310 yuan per tonne and 24,450-25,270 yuan per tonne in Tianjin, SMM data showed.

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

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.

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

5 hours ago

End-use demand underperforms, zinc oxide operating rates edge down [SMM Zinc Oxide Weekly Review]

[Poor end-use demand performance, zinc oxide operating rate edges down] From the perspective of end-use demand performance, in the rubber-grade zinc oxide sector, tire enterprise orders are generally weak, and purchases of zinc oxide remain just-in-time; orders in the desulfurization field perform poorly, with demand remaining sluggish...

5 hours ago

Die-casting zinc alloy operating rates trend lower, expected to decline further next week [SMM die-casting zinc alloy weekly review]

[Operating rate of die-casting zinc alloy declines, expected to fall further next week] The operating rate moved lower this week, mainly because some enterprises scheduled maintenance during the week, dragging down the overall operating level. In addition, some small and medium-sized enterprises have recently been affected by high prices, with weaker order performance, and there have been cases of proactive production control, which also weighed on the operating rate.

5 hours ago

Pre-holiday Stockpiling Drives Inventory Decline, Zinc Prices Consolidate at Highs [SMM Zinc Futures Brief]

[Pre-holiday stockpiling drives inventory decline, zinc prices consolidate at highs] The most-traded SHFE zinc 2611 contract opened at 26,740 yuan/mt. After the open, SHFE zinc consolidated around the daily average, touching an intraday high of 26,855 yuan/mt in early trading and a low of 26,690 yuan/mt during the session, before closing up 50 yuan/mt, or 0.19%, at 26,760 yuan/mt. Trading volume increased to 72,614 lots, and open interest rose by 2,140 lots to 148,000 lots.

5 hours ago