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SHFE Zinc Price Movement (2013-3-18)
Mar 18,2013 17:25CST
price review forecast
Source:SMM
SHFE 1306 zinc contract prices opened lower and plunged today.

SHANGHAI, Mar. 18 (SMM) – SHFE 1306 zinc contract prices opened lower and plunged today. Discounts of #0 zinc against SHFE 1306 zinc contract prices were RMB 160-180/mt, with traded prices around RMB 14,720-14,750/mt. #1 zinc prices were RMB 14,720/mt. Smelters were holding goods due to slumping zinc prices, but arbitrage traders replenished stocks due to narrowing spot discounts. Downstream buying interest strengthened, causing overall transactions to improve.
 

SHFE 1306 zinc contract prices

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