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SHFE Zinc Price Movement (2013-3-20)
Mar 20, 2013 18:09Source:SMM
SHFE 1306 zinc contract prices opened lower and then rallied today.
SHANGHAI, Mar. 20 (SMM) – SHFE 1306 zinc contract prices opened lower and then rallied today. Discounts of #0 zinc against SHFE 1306 zinc contract prices were RMB 170-180/mt, with traded prices around RMB 14,720-14,730/mt. #1 zinc prices were RMB 14,690-14,700/mt. Smelters were still holding goods, while arbitrage traders sold goods. Narrowly fluctuating prices kept traders on the sidelines, and downstream purchases contracted due to low orders, keeping overall transactions muted.
SHFE 1306 zinc contract prices
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