Zinc Spot in Guangdong, Nov 21

SHANGHAI, Nov 21 (SMM) –The price range of 0#zinc is RMB 25,530 – 25,560 / ton in Guangdong today. Guangdong market has a RMB 80 / ton premium than Shanghai market and a RMB 240 - 260 / ton premium than ZN1712. The premium is decreasing. ZN1712 went down to the MA of the day and rallied a little bit, closing at RMB 25,295 / ton.  The zinc price weakened today, and smelters’ outputs were regular. Merchants were willing to sell at first, and then the price went down and the downstream were willing to stock up at a favorable price. Fewer transactions were made than yesterday. 0#zinc produced by qilin, cishan, tiefeng and danxia were mostly traded at RMB 25,530 – 25,560 / ton.

(Written by Liling, SMM)

The article is edited by SMM and is provided for information purpose only. It does not mean SMM agrees with its views and SMM assumes no liability for accuracy of information contained or quoted in the article.