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Zinc foreign trade premium slightly increased, with imports being still profitable

Date 10/11/2018 3:04:41 PM Source: SHMET

SHANGHAI, Oct 11 (SHMET) – Zinc Premiums in Shanghai bonded warehouse quoted at $240-$280/mt and CIF shanghai stood at $220-$260/mt. SHFE /LME spot zinc price ration is at 8.94.Today LME C-3m is at 7B, the spot zinc ingot import profit is 192 yuan/mt in the current month and 3m import loss in forward market is around 1,561 yuan/mt lost. Custom duty exempt brands, Australian and Korean had a profit of 197 yuan/mt in spot import market, but it loses RMB1, 657 yuan/mt in forward import.

 

Although today’s foreign trade premium slightly increased, the import price ratio is still profitable. Zinc is retreating, but domestic spot market imported brand zinc ingot is still expanded compared with yesterday.

 

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Edited by SHMET