Bargain Hunters Rush to Market after Zinc Price Falls, Discounts Narrow, SMM Reports

Published: Aug 11, 2017 14:20

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Trading in China’s spot zinc markets is better today. Downstream buyers’ buying interest increased after zinc prices dropped.

SHANGHAHI, Aug. 11 (SMM) – Trading in China’s spot zinc markets is better today. Downstream buyers’ buying interest increased after zinc prices dropped.

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Spot discounts of domestic zinc narrowed 40 yuan per tonne and 20 yuan per tonne in Guangdong and Shanghai over SHFE September zinc today, SMM reports.

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#0 zinc traded mainly in 24,170-24,360 yuan per tonne range in Shanghai on August 11. #0 zinc prices in Guangdong were 24,200-24,230 yuan per tonne and 24,400-25,200 yuan per tonne in Tianjin, SMM data showed.

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spot premiums zinc prices SHFE zinc spot discounts imported zinc

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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