SHFE Zinc Price Movement (2013-1-18)-Shanghai Metals Market

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SHFE Zinc Price Movement (2013-1-18)

Price Review & Forecast 07:16:38PM Jan 18, 2013 Source:SMM

SHANGHAI, Jan. 18 (SMM) – SHFE three-month zinc contract prices fluctuated narrowly after opening higher. Discounts of #0 zinc against SHFE three-month zinc contract prices expanded to RMB 250-270/mt, with traded prices RMB 15,110-15,130/mt. #1 zinc prices were around RMB 15,080/mt. Good supply increased slightly, but a few smelters continued to hold goods. Traders sold goods actively, but arbitrage traders lacked opportunities due to narrow spot discounts. As downstream buyers remained cautious, transactions were quiet.
 

Price

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#1 Refined Cu
Oct.18
46740.0
40.0
(0.09%)
Standard-Grade Copper
Oct.18
46730.0
40.0
(0.09%)
High-Grade Copper
Oct.18
46750.0
45.0
(0.10%)
Guixi copper
Oct.18
46750.0
40.0
(0.09%)
Low-quality copper
Oct.18
46700.0
45.0
(0.10%)

SHFE Zinc Price Movement (2013-1-18)

Price Review & Forecast 07:16:38PM Jan 18, 2013 Source:SMM

SHANGHAI, Jan. 18 (SMM) – SHFE three-month zinc contract prices fluctuated narrowly after opening higher. Discounts of #0 zinc against SHFE three-month zinc contract prices expanded to RMB 250-270/mt, with traded prices RMB 15,110-15,130/mt. #1 zinc prices were around RMB 15,080/mt. Good supply increased slightly, but a few smelters continued to hold goods. Traders sold goods actively, but arbitrage traders lacked opportunities due to narrow spot discounts. As downstream buyers remained cautious, transactions were quiet.