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Home / Metal News / Increasing Cash Pressure for Holiday, Shanghai Zinc Spot Getting Dumped during Session

Increasing Cash Pressure for Holiday, Shanghai Zinc Spot Getting Dumped during Session

Sep 27, 2017 14:02

Source:SMM

Near National Day holiday, some smelting plants and traders are under cash pressure and handle shipment actively.

SHANGHAI, Sept. 27 (SMM)－Near National Day holiday, some smelting plants and traders are under cash pressure and handle shipment actively during the day but downstream stock is affected by current high Zinc price and previous stock, so consumption is not good, resulting in constant drop of premium in Shanghai Spot market. Overall trading volume is less than yesterday.

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