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SHFE Zinc Price Movement (2013-2-28)
Feb 28, 2013 17:34Source:SMM
SHFE three-month zinc contract prices opened lower and then inched down today.
SHANGHAI, Feb. 28 (SMM) – SHFE three-month zinc contract prices opened lower and then inched down today. Discounts of #0 zinc against SHFE 1305 zinc contract prices narrowed to RMB 300/mt, with traded prices between RMB 15,350-15,370/mt. #1 zinc prices were RMB 15,300-15,320/mt. Some smelters continued to hold onto their goods, but as arbitrage traders released goods due to narrowing spot discounts, goods supply was sufficient. Downstream buyers took a wait-and-see attitude, keeping transactions muted.
SHFE three-month zinc contract prices
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