Snapshot: Zinc trading in Shanghai, Tianjin, and Guangdong

Price Review & Forecast 03:24:02PM Mar 01, 2018 Source:SMM

SHANGHAI, Mar 1 (SMM) – More active zinc trading was seen in Guangdong province and Shanghai on Thursday March 1 as sellers offered bigger discounts, SMM learned. Trading in Tianjin was stable.

The 0# common brand zinc was trading at 26,220-26,280 yuan/mt in Guangdong, which translated to a discount of 180-160 yuan/mt against the SHFE 1804 zinc contract. The discounts went deeper compared with a day earlier.

In the Shanghai market, transactions were heard at 26,220-26,320 yuan/mt. The discounts, at 150-120 yuan/mt, were 20 yuan/mt deeper than the previous day. The overall trading volume was slightly higher as smelters were keen to destock.

In Tianjin, transactions were reported at 26,380-26,620 yuan/mt. The discounts were similar to the level seen a day earlier at 50 yuan/mt to flat.

 


For editorial queries, please contact Daisy Tseng at daisy@smm.cn 
For more information on how to access our research reports, please email service.en@smm.cn

 

 

Key Words:  zinc   zinc prices    
Relative News

Snapshot: Zinc trading in Shanghai, Tianjin, and Guangdong

Price Review & Forecast 03:24:02PM Mar 01, 2018 Source:SMM

SHANGHAI, Mar 1 (SMM) – More active zinc trading was seen in Guangdong province and Shanghai on Thursday March 1 as sellers offered bigger discounts, SMM learned. Trading in Tianjin was stable.

The 0# common brand zinc was trading at 26,220-26,280 yuan/mt in Guangdong, which translated to a discount of 180-160 yuan/mt against the SHFE 1804 zinc contract. The discounts went deeper compared with a day earlier.

In the Shanghai market, transactions were heard at 26,220-26,320 yuan/mt. The discounts, at 150-120 yuan/mt, were 20 yuan/mt deeper than the previous day. The overall trading volume was slightly higher as smelters were keen to destock.

In Tianjin, transactions were reported at 26,380-26,620 yuan/mt. The discounts were similar to the level seen a day earlier at 50 yuan/mt to flat.

 


For editorial queries, please contact Daisy Tseng at daisy@smm.cn 
For more information on how to access our research reports, please email service.en@smm.cn

 

 

Key Words:  zinc   zinc prices