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Home / Metal News / What is the Space for Profit for the Third Batch of Government Stockpiles of Zinc Ingots?

What is the Space for Profit for the Third Batch of Government Stockpiles of Zinc Ingots?

Sep 1, 2021 17:16

Source:SMM

Mainstream bidding price for #0 zinc stood at 21,500-21,800 yuan/mt, up 200 yuan/mt from the second batch and up 400-600 yuan/mt from the first batch.

SHANGHAI, Sep 1 (SMM) – The public bidding for 50,000 mt of zinc ingots officially started at 9:00 today. The bidding period is 9:00-12:00 and 13:00-18:00.

The single bid section is 150 mt, same with the previous bidding. Mainstream bidding price for #0 zinc stood at 21,500-21,800 yuan/mt, up 200 yuan/mt from the second batch and up 400-600 yuan/mt from the first batch. SMM #0 zinc prices stood at 22,420 yuan/mt today, up 620-920 yuan/mt from the third batch of government stockpiles. Companies are expected to receive cargoes after next Friday at the soonest.

Zinc

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