Zinc Spot Premiums Expand Remarkably in Guangdong as SHFE Zinc Dives, SMM Reports

Published: Sep 6, 2017 18:07
Spot premiums on zinc expanded 200 to 300-350 yuan per tonne over October zinc on the SHFE as SHFE zinc prices plunged overnight.

SHANGHAI, Sept. 6 (SMM) – Spot premiums on zinc expanded 200 to 300-350 yuan per tonne over October zinc on the SHFE as SHFE zinc prices plunged overnight.

Spot Zinc Sees Brisk Trading as SHFE Zinc Tumbles, SMM Reports

Downstream buying interest improved significantly, leaving trading brisk compared to yesterday.

LME Zinc Net Long Positions Grow

#0 zinc price were 25,600-25,660 yuan per tonne in Guangdong on September 6. 

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

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.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Ningbo zinc: Downstream enterprises are deterred by high prices and remain on the sidelines, resulting in weak spot zinc trading [SMM Midday Review]
1 hour ago
Ningbo zinc: Downstream enterprises are deterred by high prices and remain on the sidelines, resulting in weak spot zinc trading [SMM Midday Review]
Read More
Ningbo zinc: Downstream enterprises are deterred by high prices and remain on the sidelines, resulting in weak spot zinc trading [SMM Midday Review]
Ningbo zinc: Downstream enterprises are deterred by high prices and remain on the sidelines, resulting in weak spot zinc trading [SMM Midday Review]
[Ningbo Zinc: Downstream Enterprises Cautious on High Prices, Spot Transactions Weak] Ningbo market mainstream brand #0 zinc transaction price was around 25,610-25,705 yuan/mt, while Ningbo conventional brands quoted a premium of 10 yuan/mt against the 2609 contract and a premium of 40 yuan/mt against Shanghai spot zinc, with Ningbo mainstream brands mainly quoting against the 2609 contract..
1 hour ago
Guangdong Zinc: zinc prices continued to rise, market transactions were difficult [SMM Midday Review]
1 hour ago
Guangdong Zinc: zinc prices continued to rise, market transactions were difficult [SMM Midday Review]
Read More
Guangdong Zinc: zinc prices continued to rise, market transactions were difficult [SMM Midday Review]
Guangdong Zinc: zinc prices continued to rise, market transactions were difficult [SMM Midday Review]
[Guangdong: Zinc Prices Continue to Rise, Transactions Difficult] Guangdong 0# zinc traded at 25,520-25,615 yuan/mt, with mainstream brands offering quotes at a discount of 90-60 yuan/mt against the 2609 contract, and a discount of 50 yuan/mt against Shanghai spot cargo. The Shanghai-Guangdong price spread narrowed...
1 hour ago
Shanghai Zinc: Futures Prices Rose Noticeably, Overall Market Trading Sluggish [SMM Midday Review]
1 hour ago
Shanghai Zinc: Futures Prices Rose Noticeably, Overall Market Trading Sluggish [SMM Midday Review]
Read More
Shanghai Zinc: Futures Prices Rose Noticeably, Overall Market Trading Sluggish [SMM Midday Review]
Shanghai Zinc: Futures Prices Rose Noticeably, Overall Market Trading Sluggish [SMM Midday Review]
[Shanghai Zinc: Futures Prices Rose Significantly, Overall Market Trading Sluggish] Today, #0 zinc mainstream transaction prices concentrated in the range of 25,590-25,715 yuan/mt, Shuangyan mainly traded at 25,720-25,885 yuan/mt, and #1 zinc mainstream traded at 25,520-25,645 yuan/mt. In early trading, the market offered a premium of 30-40 yuan/mt against the SMM average price, with no quotes against the futures contract...
1 hour ago