SHFE Zinc Price Movement (2013-1-11)-Shanghai Metals Market

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SHFE Zinc Price Movement (2013-1-11)

Price Review & Forecast 06:02:36PM Jan 11, 2013 Source:SMM

SHANGHAI, Jan. 11 (SMM) – SHFE three-month zinc contract prices opened higher. Discounts of #0 zinc against SHFE three-month zinc contract prices expand to RMB 350-370/mt, with traded prices between RMB 15,210-15,230/mt. Spot discounts of #0 zinc then narrowed to RMB 330/mt due to falling SHFE zinc prices, and traded prices were down to RMB 15,200-15,210/mt. #1 zinc prices were RMB 15,170-15,180/mt. Smelters still lacked interest to move goods, but traders were actively selling goods, leading to ample goods supply. But downstream buyers were still cautious, keeping overall transactions muted.
 

Key Words:  SHFE zinc prices 

SHFE Zinc Price Movement (2013-1-11)

Price Review & Forecast 06:02:36PM Jan 11, 2013 Source:SMM

SHANGHAI, Jan. 11 (SMM) – SHFE three-month zinc contract prices opened higher. Discounts of #0 zinc against SHFE three-month zinc contract prices expand to RMB 350-370/mt, with traded prices between RMB 15,210-15,230/mt. Spot discounts of #0 zinc then narrowed to RMB 330/mt due to falling SHFE zinc prices, and traded prices were down to RMB 15,200-15,210/mt. #1 zinc prices were RMB 15,170-15,180/mt. Smelters still lacked interest to move goods, but traders were actively selling goods, leading to ample goods supply. But downstream buyers were still cautious, keeping overall transactions muted.
 

Key Words:  SHFE zinc prices