SHANGHAI, Jan 25 (SMM)ïž
Guangdong: 0# zinc traded at 26,240-26,300 yuan/mt, with the premium over the Shanghai market at 30 yuan/mt. Discounts from SHFE 1803 are 10-0 yuan/mt. Downstream purchases continue with unchanging demand.
Tianjin: 0# zinc ingot traded at 26,000-26,470 yuan/mt. 0# zinc of the common brand traded around 26,000-26,100 yuan/mt. Discounts from SHFE 1803 are moving towards 280-150 yuan/mt. Prices on the Tianjin market are expected to rise to 26,280 yuan/mt today. Trading volume dips today on weak downstream consumption.
Shanghai: 0# zinc traded at 26,180-26,280 yuan/mt. Premiums, of 0# zinc of the common brand, over SHFE 1802 were around 50-40 yuan/mt. SHFE 1802 traded in a narrow range around 26,270 yuan/mt and finished at 26,290 yuan/mt this morning. Downstream consumption is weak in light of high prices.
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