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.
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.
Spot gold is stuck in a trading range at the moment but found support early Wednesday from buying in the Far East, said MKS (Switzerland) S.A.
China Smelters Purchase Team (CSPT) set the third-quarter floor price for the purchase of copper concentrate in the spot market at a meeting on June 29, SMM understands.
The iron ore imports by Netherlands declined sharply by 27% during the month of February this year.
Japan’s Ministry of Finance reported June 29 the country’s zinc exports increased 1.4% year-on-year to 6,232,401 kg in May, according to wenhua.com.
Spot zinc premiums in China’s major markets turned to discounts on June 29, SMM data showed.
Environmental protection checks in Zhejiang, due to take place in mid-June, have been postponed to late June and early July.
Coal-fired captive power plants at aluminum smelters in China’s six major aluminum producing provinces will come under on-site scrutiny before the end of June.
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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