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Bargain Hunters Rush to Market after Zinc Price Falls, Discounts Narrow, SMM Reports

iconAug 11, 2017 14:20
Source:SMM
Trading in China’s spot zinc markets is better today. Downstream buyers’ buying interest increased after zinc prices dropped.

SHANGHAHI, Aug. 11 (SMM) – Trading in China’s spot zinc markets is better today. Downstream buyers’ buying interest increased after zinc prices dropped.

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Spot discounts of domestic zinc narrowed 40 yuan per tonne and 20 yuan per tonne in Guangdong and Shanghai over SHFE September zinc today, SMM reports.

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#0 zinc traded mainly in 24,170-24,360 yuan per tonne range in Shanghai on August 11. #0 zinc prices in Guangdong were 24,200-24,230 yuan per tonne and 24,400-25,200 yuan per tonne in Tianjin, SMM data showed.

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spot premiums
zinc prices
SHFE zinc
spot discounts
imported zinc

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