Zinc – domestic zinc ore is to be produced in April

Date 3/13/2018 4:35:24 PM Source: SHMET

Zinc Premiums in Shanghai bonded and CIF shanghai stood at $140-$150/mt, with no change. Today LME C-3m valued at $2.75B, while the SHFE Spot/LME 3M arb also retreated to around 7.69, the spot import loss to RMB504/mt and expanding loss slightly in forward market, around RMB636/mt lost. Custom duty exempt brands, Australian and Korean, still generate quite a loss of RMB232/mt in spot import market, but it may lose RMB382/mt in forward import.

LME zinc c-3m basis is closing at $2.75C. Zinc raw material market has been kept tight in short-term, and the reproduction of domestic ore in Inner Mongolia and Xinjiang will wait until the end of March. As for importing zinc ore, port stocks have been slightly reduced. There is no recovery in spot market transactions. Zinc premium market enquiries are light, with the transactions being general. 

Edited by SHMET