Guangdong Zinc Spot Premiums Outstrip Tianjin and Shanghai, SMM Reports

SHANGHAI, May 11 (SMM) - Spot premiums on #0 zinc in Guangdong rose above those in Tianjin and Shanghai due to tightening supply, SMM reported.

Spot premiums on #0 zinc in Guangdong expanded 30-40 yuan from last week to 300 yuan per tonne over July zinc on the SHFE. Arriving shipments decrease rapidly because of maintenance at zinc smelters in South China. Meanwhile, outward shipments are normal.

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Spot premiums in Guangdong will stay high for the coming week, SMM predicts.

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