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Home / Metal News / SMM Zinc Market Daily Review (2013-3-22)

SMM Zinc Market Daily Review (2013-3-22)

iconMar 25, 2013 09:14
SHFE 1306 zinc contract prices opened at RMB 14,960/mt today, and generally fluctuated around RMB 14,950/mt in the morning trading.

SHANGHAI, Mar. 25 (SMM) - SHFE 1306 zinc contract prices opened at RMB 14,960/mt today, and generally fluctuated around RMB 14,950/mt in the morning trading. As the Shanghai Composite plunged, SHFE 1306 zinc contract prices hit RMB 14,920/mt, and dipped to an intraday low of RMB 14,890/mt. As the Shanghai Composite rebounded, SHFE zinc prices inched up and finally closed at RMB 14,950/mt, down RMB 60/mt. Total positions decreased by 318 lots to 132,392 lots. 2

SHFE 1306 zinc contract prices opened lower and then fluctuated today. Discounts of #0 zinc against SHFE 1306 zinc contract prices were RMB 170-190/mt, with traded prices around RMB 14,760-14,780/mt. #1 zinc prices were RMB 14,720-14,730/mt. Both suppliers and downstream buyers took a wait-and-see attitude, keeping overall transactions muted.
 

SHFE 1306 zinc contract prices
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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