SHFE Zinc Price Movement (2013-3-12)

SHANGHAI, Mar. 12 (SMM) – SHFE three-month zinc contract prices rose after opening unchanged from yesterday. Mainstream traded prices for #0 zinc were RMB 14,970-14,980/mt, with discounts over SHFE 1305 zinc contract prices at RMB 180-200/mt. #1 zinc was in tight supply, with traded price around RMB 14,950/mt. Smelters held back from selling. Traders, on the other hand, moved goods for arbitrage, resulting in ample supply. Offers for selected goods were firm due to tight supplies. Downstream producers mostly purchased as needed, leaving overall trading light.