Zinc Spot Premiums Hold Firm in Tianjin on Supply Tightness and Stable Demand, SMM Reports

Published: Sep 11, 2017 19:28

Save

Spot premiums remained firm today due to limited supply of spot zinc and steady downstream consumption, SMM reports.

SHANGHAI, Sept. 11 (SMM) – Spot premiums remained firm today due to limited supply of spot zinc and steady downstream consumption, SMM reports.

Spot Zinc Trading Improves in Shanghai, SMM Reports

Downstream buying interest was relatively strong.

Zinc Price Spread Expand between Guangdong and Shanghai, with Downstream Buying Interest Improving, SMM Reports

#0 zinc traded between 25,380-26,260 yuan per tonne in Tianjin on September 11.

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

spot premiums zinc prices SHFE zinc spot discounts imported zinc

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

1 hour ago

LME drags SHFE zinc lower [SMM zinc morning comment]

[SMM zinc morning comment] Overnight, the most-traded SHFE zinc 2610 contract opened at 27,080 yuan/mt. In early trading, SHFE zinc edged higher to a high of 27,090 yuan/mt, then bulls reduced positions, sending SHFE zinc lower throughout the session. Near the close, it dipped to 26,750 yuan/mt and finally settled up at 26,760 yuan/mt, down 715 yuan/mt, or 2.60%. Trading volume fell to 115,000 lots, and open interest decreased by 13,251 lots to 133,000 lots.

1 hour ago

[US Fed Rate Hike Expectations Rise, LME Zinc Plunges - SMM Morning Meeting Minutes]

[SMM Morning Meeting Summary: Expectations for US Fed Interest Rate Hikes Rise, LME Zinc Plunges] Overnight, LME zinc opened at $4,058/mt. In early trading, LME zinc briefly rose to a high of $4,064.5/mt, then bulls reduced positions, and LME zinc fell all the way down, hitting a low of $3,851/mt near the end of the session. It finally closed down at $3,855/mt, a drop of $209/mt or 5.04%. Trading volume increased to 24,764 lots, and open interest decreased by 3,212 lots to 261,000 lots.

1 hour ago

14 hours ago

LME Zinc Plunges 2.5% from Four-Year High, Driven by Chinese Export Expectations and Copper Pullback

[SMM Flash] Sep 10 — LME zinc plunged from its highs. As of 19:00 Beijing time, LME zinc fell to USD 3,960/t, down around 2.5%. The price reversed sharply just one day after hitting a more-than-four-year high of USD 4,065/t yesterday. The decline was mainly driven by mounting expectations of Chinese export deliveries onto the LME, compounded by a sharp pullback in LME copper amid shifting tariff expectations, which weighed on risk appetite across the base metals complex. Keep watching the LME time spreads (contango/back) and the pace of zinc warrant deliveries going forward.

14 hours ago