Snapshot: Zinc spot market in China-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • Air pollution
  • Macroeconomics
  • Production data
  • Futures movement
  • Zinc
  • Aluminium
  • hydrogenation stations
  • Nickel
  • Copper
  • Market commentary
  • nickel laterite
  • In the United States
  • Morning comments
  • Nickel ore

Snapshot: Zinc spot market in China

Price Review & Forecast 02:14:37PM Apr 09, 2018 Source:SMM

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. 

 


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:  copper   spot price 

Snapshot: Zinc spot market in China

Price Review & Forecast 02:14:37PM Apr 09, 2018 Source:SMM

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. 

 


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:  copper   spot price