SHFE Zinc Price Movement (2013-1-17)-Shanghai Metals Market

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SHFE Zinc Price Movement (2013-1-17)

Price Review & Forecast 06:08:55PM Jan 17, 2013 Source:SMM

SHANGHAI, Jan. 17 (SMM) – SHFE three-month zinc contract prices fluctuated narrowly. Discounts of #0 zinc against SHFE three-month zinc contract prices remained between RMB 210-230/mt, with traded prices RMB 15,020-15,040/mt. #1 zinc prices were RMB 15,010/mt. Good supply was very tight due to major producers holding goods, and forced some purchasers to switched to imported zinc. Some mainstream brand producers still lacked interest to move goods, and traders stood on the sidelines. Downstream buyers purchased modestly, keeping transactions quiet.
 

Key Words:  SHFE zinc prices 

SHFE Zinc Price Movement (2013-1-17)

Price Review & Forecast 06:08:55PM Jan 17, 2013 Source:SMM

SHANGHAI, Jan. 17 (SMM) – SHFE three-month zinc contract prices fluctuated narrowly. Discounts of #0 zinc against SHFE three-month zinc contract prices remained between RMB 210-230/mt, with traded prices RMB 15,020-15,040/mt. #1 zinc prices were RMB 15,010/mt. Good supply was very tight due to major producers holding goods, and forced some purchasers to switched to imported zinc. Some mainstream brand producers still lacked interest to move goods, and traders stood on the sidelines. Downstream buyers purchased modestly, keeping transactions quiet.
 

Key Words:  SHFE zinc prices