SHFE Zinc Price Movement (2013-1-4)-Shanghai Metals Market

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SHFE Zinc Price Movement (2013-1-4)

Price Review & Forecast 05:55:23PM Jan 04, 2013 Source:SMM

SHANGHAI, Jan. 4 (SMM) – SHFE zinc prices inched down after initially suring. Discounts of #0 zinc against SHFE three-month zinc contract prices were between RMB 300-320/mt, with traded prices between RMB 15,220-15,250/mt. #1 zinc prices were RMB 15,170-15,180/mt. Smelters still lacked interest to move goods, with prices for some major brands firm. Some arbitrage traders released goods modestly due to narrowing spot discounts, but downstream buying interest was low, keeping overall transactions muted.
 

Key Words:  SHFE zinc prices 

SHFE Zinc Price Movement (2013-1-4)

Price Review & Forecast 05:55:23PM Jan 04, 2013 Source:SMM

SHANGHAI, Jan. 4 (SMM) – SHFE zinc prices inched down after initially suring. Discounts of #0 zinc against SHFE three-month zinc contract prices were between RMB 300-320/mt, with traded prices between RMB 15,220-15,250/mt. #1 zinc prices were RMB 15,170-15,180/mt. Smelters still lacked interest to move goods, with prices for some major brands firm. Some arbitrage traders released goods modestly due to narrowing spot discounts, but downstream buying interest was low, keeping overall transactions muted.
 

Key Words:  SHFE zinc prices