Sufficient supplies cool spot zinc trades amid cautious buyers

Published: Mar 20, 2019 13:58 (GMT+8)

Save

Traders tended to negotiate long-term contracts on the morning of Mar 20

SHANGHAI, Mar 20 (SMM) – Transactions in the spot zinc market in Shanghai cooled on the morning of Wednesday March 20, compared with the previous morning, as supplies remained ample and traders tended to negotiate long-term contracts.

This morning in Shanghai, #0 zinc traded at 22,340-22,350 yuan/mt, and saw traded prices of #1 zinc at 22,220-22,240 yuan/mt. Offers of #0 common brands were at a premium of 470-500 yuan/mt over the SHFE April contract, while offers for the higher-grade Chihong and Shuangyan brands stood at a premium of up to 520 yuan/mt.

While sellers mostly offered at a premium of 500 yuan/mt in early trades, some lowered premiums to 480 yuan/mt to attract downstream purchases. Actual trades mostly occurred at a premium of 490 yuan/mt.

Supplies of cargoes with invoices for April increased in the market, with premiums of 40-80 yuan/mt. This accounted for most of the transactions this morning.

In Guangdong, offers dropped by some 80 yuan/mt from Tuesday, to a premium of 520-550 yuan/mt over the SHFE 1905 contract, as cargoes were sufficient. Trades picked up in the second trading session of the morning when premiums dipped to around 520 yuan/mt.

Traded prices of #0 zinc mostly occurred at 22,280-22,360 yuan/mt this morning. The Guangdong-Shanghai price spread stood at a discount of 40 yuan/mt, down from 100 yuan/mt on Tuesday.

The SHFE 1904 contract traded rangebound and settled at 21,855 yuan/mt at the end of this morning trading session, up 70 yuan/mt from that time on Tuesday. The SHFE 1905 contract traded some 90 yuan/mt lower than the 1904 contract at noon.

Market commentary Futures movement Spot zinc

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.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

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

Related News

1 hour ago

Data: SHFE, DCE market movement (Sep 29)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 29 Sep , 2026

1 hour ago

3 hours ago

Korea Zinc Plans to Expand Onsan Smelter Product Portfolio from About 20 to More Than 30 Items in Five Years

Korea Zinc Chairman Choi Yun-beom said the company plans to expand the Onsan Smelter’s portfolio of metals, materials and byproducts from about 20 items currently to more than 30 over the next five years, reducing its reliance on the price of any single metal. Korea Zinc said the portfolio had grown from 12 items to about 20 over the past two decades, supported by the recovery, refining and commercialization of metals contained in smelter byproducts and waste. Korea Zinc said higher prices for antimony and other critical minerals contributed additional earnings in 2025, while gold and silver recovered through advanced refining processes supported record results in the first half of 2026. For the second half of 2026 and 2027, the company is seeking further growth in zinc, copper, sulfuric acid and ultra-high-purity sulfuric acid for semiconductor applications. It is also advancing Project Crucible, a planned integrated U.S. smelter that Korea Zinc describes as a new growth pillar in the global critical-minerals supply chain.

3 hours ago

Zodiac Completes 530-Square-Kilometre Liberia Soil Survey and Reports Regional Lead-Zinc Anomaly Context

Zodiac Gold announced completion of a 10,661-sample soil survey covering 530 square kilometres across Bomi South and Bong West in Liberia. The company said its interpretation of earlier national stream-sediment maps placed anomalous areas within its licences in the top 0.5% nationally for sixteen elements, including lead and zinc. These are regional exploration indicators, with no new lead-zinc resource disclosed.

3 hours ago