Zinc Spot Premiums Shrink in Tianjin due to Imported Zinc? SMM Reports

Published: Sep 18, 2017 18:27

Save

Spot premiums in Tianjin narrowed from 580-750 yuan per tonne last week to 480-600 yuan per tonne September 18, SMM finds.

SHANGHAI, Sept. 18 (SMM) – Spot premiums in Tianjin narrowed from 580-750 yuan per tonne last week to 480-600 yuan per tonne September 18, SMM finds. But spot premiums in Guangdong and Shanghai stayed firm.

What’s behind this?

Zinc Spot Premiums Expand in Guangdong as Cargo Holders Hold Price Firm

Imported zinc KZ has been flowing to Tianjin from last week, and this weighed down spot premiums in the market, SMM said.

Big Rise in Profit to Attract More Inflows of Imported Zinc in China, SMM Says

Spot premiums will narrow further in the near term, SMM predicts.

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

3 mins ago

Zinc Prices Fluctuate at High Levels, Spot Cargo Still Fluctuates in Discount Range [SMM Guangdong Spot Weekly Review]

[Zinc Prices Fluctuate at Highs; Spot Stays in Discount Range] This week, premiums in Guangdong rose 15 yuan/mt WoW. As of Friday, mainstream #0 zinc in Guangdong was quoted at a discount of 55-85 yuan/mt against the market...

3 mins ago

14 mins ago

China sulphuric acid index falls for nine consecutive weeks with a widening decline; domestic sulphur trade rebounds from lows, while sulphuric acid outside China stops falling and stabilizes [SMM Sulphuric Acid Weekly Review]

China sulphuric acid index falls for nine consecutive weeks with a widening decline; sulphur domestic trade rebounds from lows, while sulphuric acid outside China stops falling and stabilizes [SMM Sulphuric Acid Weekly Review]

14 mins ago

25 mins ago

Downstream Caution Amid High Prices Reduces Inquiries, Spot Trading Sentiment Sluggish During the Week [SMM Shanghai Spot Weekly Review]

[Downstream cautious at highs with fewer inquiries; spot trading sentiment subdued this week]: This week, the average spot premium in Shanghai rose by 15 yuan/mt WoW. As of Friday this week, ordinary domestic brands were quoted at a discount of 50-40 yuan/mt against the 2610 contract, while the high-priced Shuangyan brand had no quotes against the 2610 contract.

25 mins ago