Why Zinc Spot Discounts Invert to Big Premiums? SMM Reports

Published: Aug 15, 2017 18:16

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Spot discounts on #0 zinc inverted from 20 yuan per tonne to premiums of 150-200 yuan per tonne, SMM reported.

SHANGHAI, Aug. 15 (SMM) – Spot discounts on #0 zinc inverted from 20 yuan per tonne to premiums of 150-200 yuan per tonne in Shanghai market, SMM reported.

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Some large buyers purchased goods. In the meantime, goods available were limited. This pushed up spot premiums, SMM explained.

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