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SMM Daily Review - 2012/3/16 Zinc Market
Mar 19,2012 08:45CST
smm insight
Source:SMM
Last Friday, SHFE three-month zinc contract prices opened at RMB 15,975/mt and moved between RMB 15,950-16,050/mt in the morning session.

SHANGHAI, Mar. 19 (SMM) -- Last Friday, SHFE three-month zinc contract prices opened at RMB 15,975/mt and moved between RMB 15,950-16,050/mt in the morning session. Dragged down by LME zinc prices, SHFE three-month zinc contract prices fell below the moving average and rallied to close at RMB 15,980/mt, up RMB 105/mt.

In domestic spot markets, discounts of #0 zinc were between RMB 320-350/mt, with traded prices around RMB 15,650/mt, and #1 zinc was traded around RMB 15,600/mt. A few traders sell goods as discounts expanded, and transactions were mainly made among traders.

 

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