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METALS-Shanghai zinc prices climb for 6th day as inventories plunge

08.27.2018 · Posted in Business News Article
Shanghai base metal prices rose on Monday, with zinc climbing for a sixth day and hitting a two-week high as inventories in China languish at their lowest in a decade. Zinc stocks in warehouses monitored by the Shanghai Futures Exchange fell 11.8 percent last week to 30,800 tonnes, their lowest since October 2007. Meanwhile, zinc inventories in warehouses approved by the London Metal Exchange have dropped for

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