SHFE Zinc Price Movement (2013-1-15)-Shanghai Metals Market

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SHFE Zinc Price Movement (2013-1-15)

Price Review & Forecast 04:50:35PM Jan 15, 2013 Source:SMM

SHANGHAI, Jan. 15 (SMM) – SHFE three-month zinc contract prices opened lower and then fluctuated today. Discounts of #0 zinc against SHFE three-month zinc contract prices narrowed to RMB 270-290/mt, with traded prices between RMB 15,070-15,090/mt. As SHFE zinc prices inched up at noon, #0 zinc prices rose to RMB 15,100/mt, and #1 zinc prices were RMB 15,060-15,070/mt. Smelters were unwilling to move goods due to rallying zinc prices, and arbitrage traders sold goods actively due to narrowing spot discounts, while downstream buyers took a wait-and-see attitude, with overall transactions improving.
 

Key Words:  SHFE zinc prices 

SHFE Zinc Price Movement (2013-1-15)

Price Review & Forecast 04:50:35PM Jan 15, 2013 Source:SMM

SHANGHAI, Jan. 15 (SMM) – SHFE three-month zinc contract prices opened lower and then fluctuated today. Discounts of #0 zinc against SHFE three-month zinc contract prices narrowed to RMB 270-290/mt, with traded prices between RMB 15,070-15,090/mt. As SHFE zinc prices inched up at noon, #0 zinc prices rose to RMB 15,100/mt, and #1 zinc prices were RMB 15,060-15,070/mt. Smelters were unwilling to move goods due to rallying zinc prices, and arbitrage traders sold goods actively due to narrowing spot discounts, while downstream buyers took a wait-and-see attitude, with overall transactions improving.
 

Key Words:  SHFE zinc prices