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Rising SHFE Zinc Distress Trading in Shanghai, SMM Reports
Aug 30, 2017 18:18Source:SMM
After SHFE zinc prices rose, traders mostly took a wait-and-see attitude in the spot market, SMM reported.
SHANGHAI, Aug. 30 (SMM) – After SHFE zinc prices rose, traders mostly took a wait-and-see attitude in the spot market, SMM reported.
Spot premiums of domestic #0 zinc narrowed 20-80 yuan per tonne to 150-280 yuan per tonne over SHFE September zinc, SMM said.
#0 zinc traded mainly in 25,980-26,130 yuan per tonne range in Shanghai on August 30, SMM data showed.
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