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What Cause Zinc Spot Premiums to Shrink Sharply in Tianjin? SMM Reports
Sep 22, 2017 17:40CST
Source:SMM
Spot premiums on #0 zinc shrank sharply from 580-750 yuan per tonne early this week to 400-450 yuan per tonne over SHFE October zinc in Tianjin on September 22, SMM reported.

SHANGHAI, Sept. 22 (SMM) – Spot premiums on #0 zinc shrank sharply from 580-750 yuan per tonne early this week to 400-450 yuan per tonne over SHFE October zinc in Tianjin on September 22, SMM reported.

Supply tightness and soft demand narrowed spot premiums in Tianjin, SMM said.

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Supply tightness somewhat eased after smelters that used to ship goods to Shanghai delivered goods to Tianjin. Meanwhile, imported KZ zinc also arrived in Tianjin.

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But, zinc consumption was dampened due to environmental protection checks, SMM added.

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