SHANGHAHI, Aug. 9 (SMM) - Spot premiums of domestic zinc narrowed further by 50-70 yuan per tonne in Shanghai over SHFE September zinc today, SMM reports.
Downstream buyers rarely enter the market since SHFE zinc prices climbed, and overall transactions were weaker than yesterday across major markets, SMM noted. Zijin and Chihong brands remain in shortages.
#0 zinc traded mainly in 24,310-24,530 yuan per tonne range in Shanghai on August 9. #0 zinc prices in Guangdong were 24,280-24,310 yuan per tonne and 24,450-25,270 yuan per tonne in Tianjin, SMM data showed.
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