High SHFE Zinc Price Depresses Spot Trading in Shanghai, SMM Reports

Published: Sep 4, 2017 20:29

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Spot trading in Shanghai spot zinc market was dampened as SHFE zinc prices hovered at highs September 4, SMM reports.

SHANGHAI, Sept. 4 (SMM) – Spot trading in Shanghai spot zinc market was dampened as SHFE zinc prices hovered at highs September 4, SMM reports.

Premiums of Domestic and Imported Zinc Slide Rapidly in Shanghai, SMM Reports

Trading was mainly made for imported zinc. Downstream buyers took a wait-and-see stance.

How Zinc Inventories Change in Three Regions after Inflows of Imported Zinc? SMM Reports

#0 zinc prices were 26,310-26,590 yuan per tonne in Shanghai on September 4, with spot discounts of 20-0 yuan per tonne over September zinc on the SHFE, SMM data showed.

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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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