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.

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zinc prices zinc inventories LME zinc SHFE zinc zinc trading

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