SHANGHAI, Aug. 3 (SMM) - Spot trading muted across Shanghai, Tianjin and Guangdong today after SHFE zinc prices surged, SMM reports.
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September zinc on the Shanghai Futures Exchange (SHFE) soared to as high as 23,590 yuan per tonne after opening today. As a result, downstream producers refrained from building stocks, SMM said.
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#0 zinc traded mainly in 23,520-23,580 yuan per tonne range in Shanghai on August 3. #0 zinc prices in Guangdong were 23,600-23,650 yuan per tonne and 23,780-24,700 yuan per tonne in Tianjin, according to SMM.
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