SHFE Zinc Price Movement (2013-1-9)-Shanghai Metals Market

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SHFE Zinc Price Movement (2013-1-9)

Price Review & Forecast 05:04:33PM Jan 09, 2013 Source:SMM

SHANGHAI, Jan. 9 (SMM) – SHFE three-month zinc contract prices fluctuated today. Discounts of #0 zinc against SHFE three-month zinc contract prices were RMB 300-320/mt, with traded prices between RMB 15,120-15,140/mt. #1 zinc prices were RMB 15,090-15,100/mt. Goods supply was tight. A few smelters still lacked interest to move goods, while arbitrage traders released goods due to narrowing spot discounts, leading to sufficient goods supply. Although the demand to replenish stocks leading up to Chinese New Year holiday, downstream buyers were still cautious due to unacceptable prices, keeping overall transactions muted.
 

Key Words:  SHFE zinc prices  

SHFE Zinc Price Movement (2013-1-9)

Price Review & Forecast 05:04:33PM Jan 09, 2013 Source:SMM

SHANGHAI, Jan. 9 (SMM) – SHFE three-month zinc contract prices fluctuated today. Discounts of #0 zinc against SHFE three-month zinc contract prices were RMB 300-320/mt, with traded prices between RMB 15,120-15,140/mt. #1 zinc prices were RMB 15,090-15,100/mt. Goods supply was tight. A few smelters still lacked interest to move goods, while arbitrage traders released goods due to narrowing spot discounts, leading to sufficient goods supply. Although the demand to replenish stocks leading up to Chinese New Year holiday, downstream buyers were still cautious due to unacceptable prices, keeping overall transactions muted.
 

Key Words:  SHFE zinc prices