Spot Zinc Price Surges in Tianjin, Chihong Resources still Short of Demand, SMM Reports

Published: Aug 16, 2017 12:06

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#0 zinc traded mainly in 25,050-25,710 yuan per tonne range in Tianjin August 16, 200 yuan per tonne above Shanghai price and 350-400 yuan per tonne above September zinc on the SHFE, SMM data showed.

SHANGHAI, Aug. 16 (SMM) – #0 zinc traded mainly in 25,050-25,710 yuan per tonne range in Tianjin August 16, 200 yuan per tonne above Shanghai price and 350-400 yuan per tonne above September zinc on the SHFE, SMM data showed.

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Spot premiums in Tianjin expanded 50-100 yuan per tonne. Chihong branded #0 zinc still falls short of demand, SMM noted. Overall trading was lackluster since downstream buyers lacked buying interest in the face of high zinc prices.

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