SHFE Zinc Price Movement (2013-1-7)-Shanghai Metals Market

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SHFE Zinc Price Movement (2013-1-7)

Price Review & Forecast 05:06:37PM Jan 07, 2013 Source:SMM

SHANGHAI, Jan. 7 (SMM) – SHFE three-month zinc contract prices fluctuated at low levels. Discounts of #0 zinc against SHFE three-month zinc contract prices narrowed to RMB 260-280/mt, with traded prices between RMB 15,200-15,210/mt. #1 zinc prices were RMB 15,160-15,170/mt. Smelters still lacked interest to move goods, and supply tightness did not ease. Traders were pessimistic and purchaseeed modestly, and downstream buying interest was low, keeping overall transactions muted.
 

Key Words:  SHFE zinc prices 

SHFE Zinc Price Movement (2013-1-7)

Price Review & Forecast 05:06:37PM Jan 07, 2013 Source:SMM

SHANGHAI, Jan. 7 (SMM) – SHFE three-month zinc contract prices fluctuated at low levels. Discounts of #0 zinc against SHFE three-month zinc contract prices narrowed to RMB 260-280/mt, with traded prices between RMB 15,200-15,210/mt. #1 zinc prices were RMB 15,160-15,170/mt. Smelters still lacked interest to move goods, and supply tightness did not ease. Traders were pessimistic and purchaseeed modestly, and downstream buying interest was low, keeping overall transactions muted.
 

Key Words:  SHFE zinc prices