SHANGHAI, Sept. 18 (SMM) – Spot premiums in Tianjin narrowed from 580-750 yuan per tonne last week to 480-600 yuan per tonne September 18, SMM finds. But spot premiums in Guangdong and Shanghai stayed firm.
What’s behind this?
Zinc Spot Premiums Expand in Guangdong as Cargo Holders Hold Price Firm
Imported zinc KZ has been flowing to Tianjin from last week, and this weighed down spot premiums in the market, SMM said.
Big Rise in Profit to Attract More Inflows of Imported Zinc in China, SMM Says
Spot premiums will narrow further in the near term, SMM predicts.
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