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Home / Metal News / Surging SHFE Zinc Prevents Downstream Producers Hoarding Stocks, SMM Reports

Surging SHFE Zinc Prevents Downstream Producers Hoarding Stocks, SMM Reports

iconAug 3, 2017 13:18
Source:SMM
Spot trading muted across Shanghai, Tianjin and Guangdong today after SHFE zinc prices surged, SMM reports.

SHANGHAI, Aug. 3 (SMM) - Spot trading muted across Shanghai, Tianjin and Guangdong today after SHFE zinc prices surged, SMM reports.

China Environmental Protection Greatly Impacts Zinc Downstream Industry in July, SMM Reports

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.

Here’s Why Price Spread Narrows Sharply between Imported and Domestic Zinc, SMM Reports

#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.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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