SHFE Zinc Price Movement (2013-1-16)-Shanghai Metals Market

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SHFE Zinc Price Movement (2013-1-16)

Price Review & Forecast 05:09:11PM Jan 16, 2013 Source:SMM

SHANGHAI, Jan. 16 (SMM) – SHFE three-month zinc contract prices edged up today. Discounts of #0 zinc against SHFE three-month zinc contract prices narrowed to RMB 220-240/mt, with traded prices rising from RMB 15,030/mt, to RMB 15,050/mt. SHFE zinc prices fluctuated narrowly at noon, and #0 zinc prices were RMB 15,040-15,050/mt, and #1 zinc prices were RMB 15,010/mt. Good supply was still tight, and some mainstream smelters were still holding goods. A limited number of traders purchased in the morning at lower prices, and downstream buyers also bought goods modestly. As pessimism mounted, a wait-and-see attitude permeated in the market, keeping transactions quiet.
 

Price

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#1 Refined Cu
Oct.24
47340.0
305.0
(0.65%)
Standard-Grade Copper
Oct.24
47325.0
300.0
(0.64%)
High-Grade Copper
Oct.24
47355.0
310.0
(0.66%)
Guixi copper
Oct.24
47365.0
310.0
(0.66%)
Low-quality copper
Oct.24
47305.0
310.0
(0.66%)

SHFE Zinc Price Movement (2013-1-16)

Price Review & Forecast 05:09:11PM Jan 16, 2013 Source:SMM

SHANGHAI, Jan. 16 (SMM) – SHFE three-month zinc contract prices edged up today. Discounts of #0 zinc against SHFE three-month zinc contract prices narrowed to RMB 220-240/mt, with traded prices rising from RMB 15,030/mt, to RMB 15,050/mt. SHFE zinc prices fluctuated narrowly at noon, and #0 zinc prices were RMB 15,040-15,050/mt, and #1 zinc prices were RMB 15,010/mt. Good supply was still tight, and some mainstream smelters were still holding goods. A limited number of traders purchased in the morning at lower prices, and downstream buyers also bought goods modestly. As pessimism mounted, a wait-and-see attitude permeated in the market, keeping transactions quiet.