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Home / Metal News / Spot Zinc Price Surges in Tianjin, Chihong Resources still Short of Demand, SMM Reports

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

Aug 16, 2017 12:06

Source: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.

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

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