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

12 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.

12 mins ago

13 mins ago

Zinc futures prices rose significantly, while spot premiums remained in the doldrums [SMM Ningbo Spot Weekly Review]

[Zinc futures prices rise notably, spot premiums in the doldrums]: This week, Ningbo spot premiums consolidated, with the average price up 10 yuan/mt WoW. As of this Friday, Ningbo spot prices against the 2610 contract were quoted at a discount of 55 yuan/mt, and at a premium of 45 yuan/mt against the Shanghai premium.

13 mins ago

27 mins ago

Consumption remains sluggish; operating rates of galvanising producers stay low [SMM galvanising weekly review]

[Consumption remains sluggish; galvanising operating rates stay low]: This week, the operating rate of the galvanising industry was 51.80%, up 0.17 percentage points WoW. Raw material side, zinc prices continued to consolidate at highs this week. Downstream acceptance of high prices was limited, with procurement mainly need-based and a strong wait-and-see sentiment. Raw material inventory stayed at low levels overall, with limited willingness to stockpile.

27 mins ago