MYMETAL: China’s zinc price surges to a 22-month high
Feb 23, 2021 15:30
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China’s national price of zinc ingot (grade at least 99.995%) hit a 22-month high of Yuan 22,364/tonne ($3,462/t) including the 13% VAT on February 22, in tandem with the uptrend in the international prices as well as being supported by the domestic market fundamentals, according to Mymetal’s latest weekly report.
On February 22, the zinc price gained a total of Yuan 1,719/t or 8.3% from February 10, the last working day before Chinese New Year (CNY) holiday over February 11-17, according to the assessment by Mymetal - Mysteel’s non-ferrous data collection arm.
During the CNY holiday, “international stocks and commodities markets