SHFE Zinc Price Movement (2013-1-14)-Shanghai Metals Market

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SHFE Zinc Price Movement (2013-1-14)

Price Review & Forecast 04:48:36PM Jan 14, 2013 Source:SMM

SHANGHAI, Jan. 14 (SMM) – SHFE three-month zinc contract prices inched up slowly after plunging today. Discounts of #0 zinc against SHFE three-month zinc contract prices narrowed to RMB 280-300/mt, with traded prices between RMB 15,090-15,110/mt. #1 zinc prices were RMB 15,070-15,080/mt. Smelters were more willing to move goods, but traders lacked buying interest due to high quotes, and they bought from other traders at lower prices. Due to narrowing discounts, arbitrage traders were more willing to sell goods, and downstream buyers purchased at lower prices, causing overall transactions to improve.
 

Key Words:  SHFE zinc prices 

SHFE Zinc Price Movement (2013-1-14)

Price Review & Forecast 04:48:36PM Jan 14, 2013 Source:SMM

SHANGHAI, Jan. 14 (SMM) – SHFE three-month zinc contract prices inched up slowly after plunging today. Discounts of #0 zinc against SHFE three-month zinc contract prices narrowed to RMB 280-300/mt, with traded prices between RMB 15,090-15,110/mt. #1 zinc prices were RMB 15,070-15,080/mt. Smelters were more willing to move goods, but traders lacked buying interest due to high quotes, and they bought from other traders at lower prices. Due to narrowing discounts, arbitrage traders were more willing to sell goods, and downstream buyers purchased at lower prices, causing overall transactions to improve.
 

Key Words:  SHFE zinc prices