Imported Zinc Prices Catch up with Domestic Zinc on Supply Shortfalls, Discounts Expand in Guangdong, SMM Reports

SHANGHAHI, Aug. 10 (SMM) – Prices for SMC imported zinc rose close to domestic #0 zinc prices at one point today due to supply tightness, SMM reports.

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Spot discounts of domestic zinc expanded 50 yuan per tonne in Guangdong over SHFE September zinc today, but failed to give any lift to transactions.

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#0 zinc traded mainly in 24,350-24,490 yuan per tonne range in Shanghai on August 10. #0 zinc prices in Guangdong were 24,300-24,340 yuan per tonne and 24,500-25,320 yuan per tonne in Tianjin, SMM data showed.

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