METALS-Shanghai zinc bounces on China liquidity trusts, powerless yuan


Posted Thursday 19th July 2018 11:43:08 AM by Bhuman

BEIJING, July 19 (Reuters) - Shanghai zinc bounced by the

every day farthest point of 6 percent on Thursday and hit a one-week top

following a report that the Chinese national bank intends to help

liquidity in the keeping money segment, while falling inventories and a

weaker yuan additionally supported the base metal.

The Peoples Bank of China intends to present motivators

that will support the liquidity of business banks, helping them

to extend loaning, Reuters revealed at an early stage Thursday.
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