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SHFE Zinc Price Movement (2013-3-4)
Mar 4,2013 18:10CST
price review forecast
Source:SMM
SHFE three-month zinc contract prices opened lower and then fluctuated today.

SHANGHAI, Mar. 4 (SMM) – SHFE three-month zinc contract prices opened lower and then fluctuated today. Discounts of #0 zinc against SHFE 1305 zinc contract prices narrowed to RMB 240-250/mt, with traded prices between RMB 15,120-15,140/mt. #1 zinc prices were RMB 15,080-15,100/mt. Smelters continued to hold onto their goods due to falling zinc prices, but arbitrage traders released goods as spot discounts narrowed. Downstream buyers took a wait-and-see attitude, keeping transactions muted.

 

SHFE three-month zinc contract prices

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