Zinc prices have been rising over the past three weeks. LME zinc rose to $2,700 per tonne and reached $2,769.5 per tonne. August zinc on the SHFE touched as high as 22,790 yuan per tonne.
Prices for Taiwanese containerized HMS # 1&2 80:20 imports gained ny $4 a ton to reach $242 a ton during the week ended June 02.
SHFE 1708 lead traded at RMB 17,690-17,800/mt after opening on Thursday and ended at RMB 17,735/mt, up RMB 75/mt or 0.71%.
price review forecast
Battery producers in Jiangsu hold operating rate above 90% and those in Zhejiang keep operating rate at around 80%.
SHFE 1708 aluminum opened at RMB 13,965/mt on Thursday.
On Thursday, SHFE 1709 tin opened at RMB 144,450/mt.
SHFE 1708 zinc opened at RMB 22,550/mt today and then hovered around RMB 22,630/mt.
SHFE 1709 nickel opened at RMB 76,210/mt today, and held strong in the morning, with the low-end of RMB 76,160/mt.
The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities climbed further to 929 points on Wednesday thanks to highar cape and supramax rates.
SHFE 1708 copper opened at RMB 47,060/mt and closed at RMB 47,430/mt, up RMB 610/mt.
National Bureau of Statistics (NBS) data showed China’s zinc output fell 9.9% on a yearly basis to 481,000 tonnes in May.
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