SHANGHAI, Aug. 18 (SMM) – October zinc on the SHFE rose as much as 2.71% to 26,325 yuan per tonne at one point on August 18, peaking from October 2007.
Zinc Imports Return to Profitability, Will This Help Ease Supply Tightness? SMM Reports
Why zinc prices continue surging?
How Will Closures at Electroplaters in Zhejiang Affect Zinc Market? SMM Reports
A large number of longs rushed into the market due to positive fundamentals. The supply side also boosted zinc, SMM said. Domestic environmental protection checks have forced zinc producers to cease production, and reduced supplies. These reasons explain the surge.
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