Zinc Transaction was Brisk in Guangdong

Publicado: May 23, 2023 15:09

Fonte: SMM

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#0 zinc spot was quoted with premiums of 300-340 yuan/mt over SHFE 2307 zinc contract, and discounts in Guangdong stood at 10 yuan/mt to premiums of 20 yuan/mt against Shanghai prices. In the first half of the week, the price spread between the SHFE front-month and SHFE next-month zinc contracts was narrow, and prices in Guangdong stood below Shanghai prices.

In the second half of the week, the price spread widened, and sellers raised prices. Spot premiums rose. In terms of spot inventory, there was a small number of Danxia zinc under warrants. Spot prices in south China were stable. Transaction was good during the week.

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