SHFE Zinc Price Movement (2013-1-10)-Shanghai Metals Market

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SHFE Zinc Price Movement (2013-1-10)

Price Review & Forecast 05:10:42PM Jan 10, 2013 Source:SMM

SHANGHAI, Jan. 10 (SMM) – SHFE three-month zinc contract prices edged up today. Discounts of #0 zinc against SHFE three-month zinc contract prices were RMB 310-330/mt, with traded prices between RMB 15,120-15,140/mt. #1 zinc prices were RMB 15,100-15,110/mt. Goods supply tightness kept #1 prices firm, with price spread against #0 zinc narrowing. A few smelters still lacked interest to move goods. Despite pessimism, some arbitrage traders purchased goods due to low discounts. But downstream buyers were still cautious, keeping overall transactions muted.
 

Key Words:  SHFE zinc prices 

SHFE Zinc Price Movement (2013-1-10)

Price Review & Forecast 05:10:42PM Jan 10, 2013 Source:SMM

SHANGHAI, Jan. 10 (SMM) – SHFE three-month zinc contract prices edged up today. Discounts of #0 zinc against SHFE three-month zinc contract prices were RMB 310-330/mt, with traded prices between RMB 15,120-15,140/mt. #1 zinc prices were RMB 15,100-15,110/mt. Goods supply tightness kept #1 prices firm, with price spread against #0 zinc narrowing. A few smelters still lacked interest to move goods. Despite pessimism, some arbitrage traders purchased goods due to low discounts. But downstream buyers were still cautious, keeping overall transactions muted.
 

Key Words:  SHFE zinc prices