SHFE zinc price falls to 11-m low amid weak demand

The most active zinc contract on the Shanghai Futures Exchange (SHFE) dived to an 11-month low of Yuan 23,085/tonne ($3,551/tonne) at the close of trading on Friday's morning session, weighed down by sluggish downstream demand which translated to a higher burden of stocks, Mysteel noted.

The most active zinc contract on the Shanghai Futures Exchange (SHFE) dived to an 11-month low of Yuan 23,085/tonne ($3,551/tonne) at the close of trading on Friday’s morning session, weighed down by sluggish downstream demand which translated to a higher burden of stocks, Mysteel noted.“Less buying interest for zinc