Spot Zinc Price Surges in Tianjin, Chihong Resources still Short of Demand, SMM Reports

Published: Aug 16, 2017 12:06

Save

#0 zinc traded mainly in 25,050-25,710 yuan per tonne range in Tianjin August 16, 200 yuan per tonne above Shanghai price and 350-400 yuan per tonne above September zinc on the SHFE, SMM data showed.

SHANGHAI, Aug. 16 (SMM) – #0 zinc traded mainly in 25,050-25,710 yuan per tonne range in Tianjin August 16, 200 yuan per tonne above Shanghai price and 350-400 yuan per tonne above September zinc on the SHFE, SMM data showed.

CNMC Signs MOU with Australia Zinc Explorer on Lead-Zinc Mine Project

Spot premiums in Tianjin expanded 50-100 yuan per tonne. Chihong branded #0 zinc still falls short of demand, SMM noted. Overall trading was lackluster since downstream buyers lacked buying interest in the face of high zinc prices.

Zinc Downstream Producers in Zhejiang Ordered to Shut down for Environmental Protection, SMM Reports

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

2 hours ago

Shanghai Zinc: SHFE Zinc Futures Consolidate at Highs, Downstream Enterprises Remain Cautious [SMM Midday Commentary]

[Shanghai Zinc: SHFE Zinc Futures Prices Consolidate at Highs, Downstream Enterprises Remain on the Sidelines] Today, mainstream transaction prices were concentrated in the following ranges: #0 zinc (25,545-25,710 yuan/mt), Shuangyan (25,685-25,840 yuan/mt), and #1 zinc (25,475-25,640 yuan/mt). In early trade, offers were at a premium of 40-50 yuan/mt against the SMM average price, while no quotes against the futures contract were yet available...

2 hours ago

Ningbo Zinc: Downstream Enterprises Continue to Wait and See, Spot Zinc Trading Was Sluggish [SMM Midday Review]

[Ningbo Zinc: Downstream Enterprises Remain on the Sidelines, Spot Transactions Sluggish] In the Ningbo market, mainstream brand 0# zinc traded at 25,565–25,700 yuan/mt. Conventional brands in Ningbo were quoted at a premium of 10 yuan/mt against the 2609 contract, and at a premium of 50 yuan/mt against Shanghai spot cargo. Ningbo region primarily quoted against the 2609 contract...

2 hours ago

Guangdong Zinc: Zinc prices consolidate at highs, downstream just-in-time procurement [SMM Midday Review]

[Guangdong: Zinc Prices Consolidate at Highs, Downstream Just-in-Time Procurement] In Guangdong, 0# zinc largely traded at 25,465-25,590 yuan/mt, with mainstream brands quoted at a discount of 100-70 yuan/mt against the 2609 contract and a discount of 50 yuan/mt against spot Shanghai, and the Shanghai-Guangdong price spread narrowing.

2 hours ago