SHANGHAI, Aug. 22 (SMM) – Spot trading in Shanghai market improves today as SHFE zinc prices slump, SMM reports.
SHFE 1709 zinc plunged after opening, dipping to 26,070 yuan per tonne, a fall of 570 yuan per tonne from yesterday.
Downstream buyers purchased actively at lower prices, and boosted transactions among traders.
Spot premiums of regular zinc brands in Shanghai were 350-400 yuan per tonne over September zinc on the SHFE, SMM data showed.
#0 zinc traded mainly in 26,410-26,560 yuan per tonne range in Shanghai August 22, SMM data showed.
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