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