SHANGHAHI, Aug. 9 (SMM) - October zinc on the Shanghai Futures Exchange (SHFE), the most active one, surged to the highest from November 30, 2016 as the market still consumes earthquake news in Sichuan Province, SMM said.
China Refined Zinc Output Falls in July, but to Grow in August, SMM Says
SHFE October zinc reached 24,820 yuan per tonne as longs rushed to the market. Supply and demand reason continues to bolster zinc, SMM added.
A 7-magnitude earthquake shook Jiuzhaigou County, Aba prefecture, Sichuan Province at 9:19 pm August 8. After the quake, all lead-zinc mines in Gansu’s Longnan City were forced to shut down.
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