Spot Premiums Stay Firm for Imported Zinc despite Big Drop for Domestic Brands, SMM Reports

Published: Sep 28, 2017 13:57

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Spot premiums for imported zinc stay firm on September 29 in Shanghai, although those for domestic brands fall rapidly, SMM reports.

SHANGHAI, Sept. 28 (SMM) – Spot premiums for imported zinc stay firm on September 29 in Shanghai, although those for domestic brands fall rapidly, SMM reports.

Downstream buyers’ purchase habit and low availability supported premiums for imported zinc, SMM said.

What Pushes Spot Zinc Premiums down so Hard in Shanghai? SMM Analysis

Spot premiums for domestic zinc dropped to 50-120 yuan per tonne over October zinc on the SHFE.

Zinc Price in Tianjin Inverts below Shanghai Price on Slack Consumption, SMM Reports

#0 zinc traded between 26,030-26,170 yuan per tonne in Shanghai on September 28.

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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.

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