Zinc spot prices in three markets (Jan 25)

Published: Jan 25, 2018 15:15

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Prices of zinc spot in three markets (Jan 25)

SHANGHAI, Jan 25 (SMM)－

Guangdong: 0# zinc traded at 26,240-26,300 yuan/mt, with the premium over the Shanghai market at 30 yuan/mt. Discounts from SHFE 1803 are 10-0 yuan/mt. Downstream purchases continue with unchanging demand.

Tianjin: 0# zinc ingot traded at 26,000-26,470 yuan/mt. 0# zinc of the common brand traded around 26,000-26,100 yuan/mt. Discounts from SHFE 1803 are moving towards 280-150 yuan/mt. Prices on the Tianjin market are expected to rise to 26,280 yuan/mt today. Trading volume dips today on weak downstream consumption.

Shanghai: 0# zinc traded at 26,180-26,280 yuan/mt. Premiums, of 0# zinc of the common brand, over SHFE 1802 were around 50-40 yuan/mt. SHFE 1802 traded in a narrow range around 26,270 yuan/mt and finished at 26,290 yuan/mt this morning. Downstream consumption is weak in light of high prices.

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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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