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Imported Zinc May Weigh down Zinc Spot Premiums in Shanghai, SMM Reports
Aug 21,2017 15:57CST
smm insight
Source:SMM
Spot premiums on #0 zinc in Shanghai may be weighed down by additional influx of imported zinc, SMM said.

SHANGHAI, Aug. 21 (SMM) – Spot premiums on #0 zinc in Shanghai may be weighed down by additional influx of imported zinc, SMM said.

 Spot premiums of regular zinc brands in Shanghai narrow 30-70 yuan per tonne to 360-400 yuan per tonne over September zinc on the SHFE, while spot premiums of Shuangyan branded #0 zinc are 380-400 yuan per tonne, SMM data showed.

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#0 zinc traded mainly in 26,920-27,180 yuan per tonne range in Shanghai August 21, SMM data showed.

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Some smelters reduced supplies due to low inventories on hand, SMM understands.

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