Web Only

Metal prices fall on government auctions of metal reserves and fears of further tightening

  • Published 16 Nov 2010

Metal spot and futures prices in Shanghai retreated this week ending Nov 15 on recent government auctions of metal reserves and fears that higher than expected October inflation and loan growth data may spark a new round of tightening.

Zinc was hit hardest by a government auction of almost 50,000 tonnes of the metal on Nov 9 pulling down the spot price by 4.2% to Rmb 19,200 per tonne over the last week ending Nov 15. The futures price of zinc fell 4.4% over the period to Rmb 19,935 per tonne.

Issue icon

Latest Issue

17 May 2012

Browse the archive

Subscribe now to access all of China Confidential

China Confidential Funds

China Confidential Funds, a new research service launched by FT China Confidential, is dedicated to illuminating the mainland fund industry. Our team of fund industry experts in Shanghai search out the interesting trends in fund performance, strategy, interactions with overseas funds, regulatory changes, distribution and management. We also use a proprietary system to track the emerging flows of Chinese money. Click here to find out more.

Find out more