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Guangdong Zinc: Premiums Continued To Fall Sharply
Sep 21, 2023 14:17Source:SMM
#0 zinc in Guangdong was traded at 21815~21900 yuan/mt today.
#0 zinc in Guangdong was traded at 21815~21900 yuan/mt today. Mainstream brands were quoted with premiums of 335~345 yuan/mt over SHFE 2311 zinc contract, with discounts of 110 yuan/mt against Shanghai prices.
In the first trading session, Qilin and Mengzi zinc was quoted with discounts of 40-50 yuan/mt. Traders sold off cargoes, lowering spot premiums rapidly. In the second trading session, Qilin, Mengzi zinc were quoted with premiums of 335~345 yuan/mt. Zinc prices opened high and moved lower. The downstream buying interest was relatively strong.
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