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China's SRB purchases 100,000T each zinc, aluminum

Keywords: Tags  zinc, aluminum, Chinese State Reserve Bureau

SHANGHAI — China’s State Reserve Bureau (SRB) bought 100,000 tonnes each of refined zinc and aluminum Friday.

The zinc prices averaged 16,000 yuan ($2,564) per tonne, topping at 16,010 yuan ($2,566), state media reported, while the aluminum prices were between 15,737 and 15,757 yuan ($2,522 to $2,526) per tonne.

The SRB recently bought other metals, suggesting that the government wants to underpin market sentiment.

A version of this article was first published by AMM sister publication Metal Bulletin.

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