SHANGHAI, Sep 1 (SMM) – The public bidding for 50,000 mt of zinc ingots officially started at 9:00 today. The bidding period is 9:00-12:00 and 13:00-18:00.
The single bid section is 150 mt, same with the previous bidding. Mainstream bidding price for #0 zinc stood at 21,500-21,800 yuan/mt, up 200 yuan/mt from the second batch and up 400-600 yuan/mt from the first batch. SMM #0 zinc prices stood at 22,420 yuan/mt today, up 620-920 yuan/mt from the third batch of government stockpiles. Companies are expected to receive cargoes after next Friday at the soonest.
