SHANGHAI, Jul. 1 (SMM) – Transactions for spot zinc improved in Shanghai market today after September zinc on the Shanghai Futures Exchange (SHFE) slumped, SMM reports.
Traders and downstream buyers were both active, contributing to overall transactions.
Fundamentals to Keep Zinc Prices High This Week, SMM Foresees
Spot discounts in Shanghai narrowed additional 10 yuan per tonne in Shanghai market over August zinc on the SHFE on August 1, SMM data showed.
Zinc Inventories Add in China Major Markets, SMM Reports
#0 zinc traded mainly in 23,120-23,340 yuan per tonne range in Shanghai on August 1. #0 zinc prices in Guangdong were 23,150-23,180 yuan per tonne and 23,330-24,200 yuan per tonne in Tianjin, according to SMM.
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