Zn – LME zinc spot discount continued and SHFE/LME ratio expanded the profit

Date 9/14/2018 3:01:35 PM Source: SHMET

Zinc Premiums in Shanghai bonded warehouse quoted at $210-$250/mt and CIF shanghai stood at $210-$250/mt, unchanged from the last trading day. SHFE /LME spot zinc price ration is at 9.01. Today LME C-3m rose 15.25C, the spot zinc ingot import profit is RMB525/mt in the current month and 3m import loss in forward market is around RMB540/mt lost. Custom duty exempt brands, Australian and Korean had a profit of RMB511/mt in spot import market, but it loses RMB653mt in forward import.


The spot discount of LME Zinc continued to increase. The profit level of the import price continued to expand in the current month. At the same time, the three months import price loss in the long-term also narrowed. The trading atmosphere of the imported zinc market was active. It is close to the weekend, the transaction was slightly light.



Edited by SHMET