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Home / Metal News / Snapshot: Zinc spot market in China

Snapshot: Zinc spot market in China

iconMar 23, 2018 14:37
Source:SMM
Trading in China's zinc spot market was flat on Friday March 23 as sellers destocked actively while downstream consumers mostly purchased as needed, SMM learned.

SHANGHAI, Mar 23 (SMM) – Trading in China's zinc spot market was flat on Friday March 23 as sellers destocked actively while downstream consumers mostly purchased as needed, SMM learned. 

In the Shanghai market, 0# zinc traded at 24,670-24,780 yuan/mt. The SHFE 1804 contract rebounded before closing and both the 0# common brand and Shuangyan brand traded flat to a premium of 20 yuan/mt against the contract. This compared with a discount of 50-30 yuan/mt on Thursday March 22. 1# zinc traded at 24,620-24,730 yuan/mt at noon on Friday March 23.

Transactions of 0# zinc in the Guangdong market were heard at 24,600-24,650 yuan/mt, around 100 yuan/mt lower than the spot market in Shanghai. The price gap is 30 yuan/mt wider than Thursday March 22.

 

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 

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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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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