Here’s Why Price Spread Narrows Sharply between Imported and Domestic Zinc, SMM Reports

Published: Aug 3, 2017 10:27

Save

The price spread between domestic and imported zinc has narrowed recently, SMM noted.

SHANGHAI, Aug. 3 (SMM) - The price spread between domestic and imported zinc has narrowed recently, SMM noted.

Discounts of imported #0 zinc contracted from around 300 yuan per tonne in mid-June to 20-10 yuan per tonne at present. Prices for some imported zinc are almost flat at domestic prices.

South Korea Launches Anti-Dumping Probe into Galvanized Mild Steel Wire from China

Decreased influx of imported zinc has narrowed the price spread, SMM said.

China Environmental Protection Greatly Impacts Zinc Downstream Industry in July, SMM Reports

Import profit inverted to losses. Besides, consumption of imported zinc was strong. Moreover, bonded zone inventories also decreased.

The price spread between domestic and imported zinc will remain small in the near term, SMM predicts, citing limited imports due to import losses.

zinc price spread zinc import zinc price

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

6 hours ago

China Inventory Continued to Increase, Market Intertwined with Bullish and Bearish Factors [SMM Zinc Morning Comment]

[SMM Zinc Morning Comment] Overnight, the most-traded SHFE zinc 2606 contract opened lower with a gap at 24,180 yuan/mt. At the beginning of the session, SHFE zinc fluctuated downward with small fluctuations to a low of 24,125 yuan/mt. Subsequently, bears reduced their open interest, and the price fluctuated upward above the daily average line to a high of 24,250 yuan/mt. At the end of the session, it moved sideways, ultimately closing lower at 24,205 yuan/mt, down 45 yuan/mt or 0.19%. Trading volume decreased to 37,900 lots, and open interest decreased by 1,278 lots to 92,124 lots.

6 hours ago

Macro and Fundamentals Resonate, LME Zinc Center Shifts Higher [SMM Morning Meeting Minutes]

[SMM Morning Meeting Minutes: Macro and Fundamentals Resonate, LME Zinc Center Rises] Overnight, LME zinc opened at $3,365/mt. At the beginning of the session, LME zinc dipped slightly to $3,357/mt, then prices continued to rise, reaching a high of $3,442/mt. Late in the session, prices pulled back slightly from highs to consolidate, ultimately closing up at $3,409.5/mt, up $51/mt, a gain of 1.52%. Trading volume increased to 101,000 lots, and open interest increased by 4,648 lots to 236,000 lots.

6 hours ago

20 hours ago

Newmont Reports 35% Increase in Q1 2026 Zinc Production, Aims for 220,000 mt Annually

[Newmont Announced Q1 2026 Production] On April 23, Newmont released its Q1 2026 report, which showed that its zinc concentrates production was 62,000 mt in Q1, up 35% YoY, mainly due to improved grade at the Peñasquito mine. Its zinc concentrates production guidance for 2026 was 220,000 mt.

20 hours ago