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