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SHFE Zinc Price Movement (2012-12-11)

iconDec 11, 2012 16:29
Source:SMM
SHFE three-month zinc contract prices drifted lower after a high opening on Tuesday.

SHANGHAI, Dec. 11 (SMM) – SHFE three-month zinc contract prices drifted lower after a high opening on Tuesday. Discounts of #0 zinc against SHFE 1302 zinc contract prices expanded to RMB 400-420/mt, with traded prices at RMB 15,200-15,220/mt. #1 zinc was traded at RMB 15,150-15,180/mt. Spot zinc prices continued to rise, prompting smelters to move goods at higher prices. Traders showed high buying interest due to expanding spot discounts, but downstream producers refrained from buying at highs. Overall trading improved from the previous day.
 

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