Home / Metal News / Zinc spot trading more active in Shanghai than Guangdong on May 18

Zinc spot trading more active in Shanghai than Guangdong on May 18

iconMay 18, 2018 14:17
Source:SMM
China's zinc spot market traded more actively in Shanghai than in Guangdong on Friday May 18, SMM learned. Offers in both markets rose

SHANGHAI, May 18 (SMM) – China's zinc spot market traded more actively in Shanghai than in Guangdong on Friday May 18, SMM learned. Offers in both markets rose.

Buyers in Shanghai showed a preference for SMC imported zinc from Australia, which traded at a premium of 50-70 yuan/mt. Downstream demand in Shanghai held steady amid relatively tight supplies, SMM learned.

In Shanghai, #0 zinc mostly traded at 24,020-24,060 yuan/mt. The 0# common brand traded at a premium of 150-180 yuan/mt against the SHFE 1806 contract, compared with premiums of 140-150 yuan/mt on Thursday. The premium for 0# Shuangyan brand also gained 20-30 yuan/mt from Thursday to 160-180 yuan/mt. At noon, 1# zinc traded at 23,900-23,940 yuan/mt. 

In Guangdong, #0 zinc mostly traded at 23,850-23,900 yuan/mt. The Guangdong-Shanghai price spread widened 50 yuan/mt from the previous day to 100 yuan/mt. Cargoes mostly traded at a premium of 150-180 yuan/mt over the SHFE 1807 contract, some 10 yuan/mt wider from last day. Relatively poorer downstream demand accounted for the weak transactions in Guangdong. 

 


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

zinc
spot market

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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

Related news

SMM Events & Webinars

All