Spot premiums moved at lows last week. As of last Friday, premiums of domestic regular brands stood at 280-290 yuan/mt over the SHFE 2307 zinc contract, and spot premiums of Shuangyan zinc were 370-390 yuan/mt over the contract. Premiums of imported zinc fell significantly to 260 yuan/mt over the SHFE 2307 zinc contract, which was directly delivered to downstream buyers.

#0 zinc in Ningbo was quoted with premiums of 230-290 yuan/mt over SHFE 2307 zinc contract last week, and with discounts of 60 to premiums of 20 yuan/mt against Shanghai prices. Spot quotes against SHFE zinc prices and over Shanghai prices both fell rapidly.

According to the latest news, MMG Ltd has halted operations at its zinc mine in Australian’s Queensland state after two people employed by a contractor were missing following an incident at the mine.