Snapshot: Zinc spot market in China

Published: Apr 9, 2018 14:14

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Trading in China's zinc spot market was more active on Monday April 9 than before the Qingming holiday.

SHANGHAI, Apr 9 – Trading in China's zinc spot market was more active on Monday April 9 than before the Qingming holiday. As SHFE zinc 1805 contract dipped to a low of 24,380 yuan/mt during the day, downstream buyers were keen to stock amid adequate supply, SMM learned.

In the Shanghai market, 0# zinc traded at 24,380-24,850 yuan/mt. The 0# common brand traded at a premium of 30-40 yuan/mt against SHFE 1805 contract, and the 0# Shuangyan brand traded at a premium of 50-60 yuan/mt. 1# zinc traded at 24,340-24,780 yuan/mt at noon.

Transactions of 0# zinc in the Guangdong market were heard at 24,340-24,400 yuan/mt, around 40 yuan/mt lower than the spot market in Shanghai. This translated to flat to a premium of 20 yuan/mt against the SHFE 1805 contract, compared with a discount of 60-30 yuan/mt on Wednesday April 4.

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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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