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Home / Metal News / Big Zinc Price Volatility Keeps Market Players Cautious, SMM Reports

Big Zinc Price Volatility Keeps Market Players Cautious, SMM Reports

Sep 15, 2017 19:13

Source:SMM

Traders and downstream buyers were both very reticent in the spot market today due to big volatility in zinc price, SMM reported.

SHANGHAI, Sept. 15 (SMM) – Traders and downstream buyers were both very reticent in the spot market today due to big volatility in zinc price, SMM reported.

ILZSG: Global Refined Zinc Consumption Outstrips Output in July

SHFE October zinc surged after opening and then plunged shortly. Downstream buyers preferred imported zinc.

LME Zinc Net Longs Decline to 2-Month Low

#0 zinc traded at 25,210-25,630 yuan per tonne on September 15 in Shanghai.

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Spot trading in Shanghai zinc market was actively today as both traders and downstream buyers showed strong buying interest, SMM reports

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Spot trading in Shanghai market was weaker than yesterday as high zinc prices left downstream buyers on the sidelines, SMM reports.

Sep 5, 2017 15:49

SMM Insight

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Zinc Spot Premiums Expand in Shanghai, Imported Zinc More Popular

Downstream buyers and traders preferred imported goods as imported zinc was sufficient in Shanghai which held price advantage, SMM reports.

Aug 28, 2017 17:37

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Spot premiums of regular zinc brands in Tianjin expand 50 to 450-500 yuan per tonne over September zinc on the SHFE on August 23, SMM data showed.

Aug 23, 2017 16:33

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Fundamentals in zinc market remain unchanged at present. When combined with strong bullishness, zinc prices will remain high in the near term, SMM said.

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