TOBO GROUP
TOBO International Trading(Shanghia)Co.,Ltd Tianda Oil Pipe Co., Ltd
TOBO Pipeline Equipment Co.,Ltd TPCO & TISCO Pipe(Tianjin)Co.,Ltd.
April 11, 2018
SHANGHAI, Apr 9 – Trading in China's zinc spot market was more active on Monday April 9 than before the Qingming holiday. As SHFE zinc 1805 contract dipped to a low of 24,380 yuan/mt during the day, downstream buyers were keen to stock amid adequate supply, SMM learned.
In the Shanghai market, 0# zinc traded at 24,380-24,850 yuan/mt. The 0# common brand traded at a premium of 30-40 yuan/mt against SHFE 1805 contract, and the 0# Shuangyan brand traded at a premium of 50-60 yuan/mt. 1# zinc traded at 24,340-24,780 yuan/mt at noon.
Transactions of 0# zinc in the Guangdong market were heard at 24,340-24,400 yuan/mt, around 40 yuan/mt lower than the spot market in Shanghai. This translated to flat to a premium of 20 yuan/mt against the SHFE 1805 contract, compared with a discount of 60-30 yuan/mt on Wednesday April 4.
