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.
Tin transaction reduced recently. In addition to monsoon season, weak tin price was also attributed to the decline.
The SMM/LME zinc price ratio averaged 8.45 this past week, up from 8.37 a week earlier, turning import losses to premiums of 225-584 yuan per tonne.
Gansu, in defiance of central government’s requirement, introduced preferential power tariff policy during 2015-2016, the National Audit Office (NAO) said on its website on August 17.
Combined zinc inventories in Shanghai, Tianjin and Guangdong continued falling as of August 18 from a week earlier, SMM reports.
Recently, aluminum prices frequently gained over 200 yuan/tonne on a single day, but also recorded big declines.
Iron ore futures contract on the Dalian Commodity Exchange (DCE) for delivery in January 2018 closed up 6.61% at 580.5 yuan/tonne on August 18.
Chinese government has stepped up its efforts in environmental protections since the begging of the year.
Copper inventories in Shanghai bonded zone decreased on a weekly basis as of August 18, SMM understands.
The SMM weekly average aluminum price rose sharply in the week ending August 18.
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Rumor has it the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) held a meeting on August 7 and required all state-owned steel companies to suspend trade fina
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