Large Zinc Price Spread Precipitates Goods Transfer from Guangdong to Shanghai, SMM Reports

Published: Aug 21, 2017 18:30

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Some traders will transfer goods from Guangdong to Shanghai for arbitrage, SMM understands.

SHANGHAI, Aug. 21 (SMM) – Some traders will transfer goods from Guangdong to Shanghai for arbitrage, SMM understands.

Zinc prices in Shanghai were 150-250 yuan per tonne above Guangdong prices as of August 18, which topped freight charges between the two regions.

Freight charge from Guangdong to Shanghai is 350-380 yuan per tonne by vehicle and 120-150 yuan per tonne by vessel.

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Shipments transferred are estimated to be 4,000-5,000 tonnes, with 7-10 days of delivery.

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

zinc prices zinc inventories LME zinc SHFE zinc zinc trading

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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