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Shanghai zinc climbs 2-month peak as supply squeezes, China demands improve

Financial-World - On Wednesday, the 29th of April 2020, zinc futures’ prices had jumped to nearly two-month highs following a notable improvement in China demands, while pandemic-driven supply disruptions added to further supports to zinc futures in the Shanghai metal exchange.

On top of that, the most traded zinc futures’ prices scheduled to be expired on June had surged as much as 2.1 per cent to $2.320.01 per ton in Shanghai Futures Exchange, marking up its highest level since February 28th, however, the future had wrapped up the day 1.8 per cent higher to $2,312.65 a ton, while the benchmark three-month zinc had been trading 0.9 per cent higher to $1,947.50 per ton in the London Metal Exchange.

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