Shanghai zinc jumped by the daily limit of 6 percent on Thursday and hit a one-week top following a report that the Chinese central bank plans to boost liquidity in the banking sector, while falling inventories and a weaker yuan also underpinned the base metal.
The most-traded September zinc contract on the ShFE touched its highest since July 10 and was up 4.4 percent at 21,325 yuan ($3,165.97) by the mid-session interval. It gained 0.8 percent on Wednesday. Copper added 0.7 percent in Shanghai but zinc's sister metal lead was the next best performer, jumping 1.8 percent in Shanghai.
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