Spot Zinc Price Movement (2013-4-1)-Shanghai Metals Market

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Spot Zinc Price Movement (2013-4-1)

Price Review & Forecast 07:25:28PM Apr 01, 2013 Source:SMM

SHANGHAI, Apr. 1 (SMM) – SHFE 1306 zinc contract prices opened low and then fluctuated weakly as China's March PMI fell short of expectations. Discounts of #0 zinc against SHFE 1306 zinc contract prices were RMB 80-100/mt, with traded prices between RMB 14,540-14,570/mt. #1 zinc prices were RMB 14,520-14,530/mt. traders were cautious as SHFE zinc prices lacked directions from the LME market due to its closure. Downstream buying interest improved due to sufficient cash flows, but most purchased modestly, so overall transactions did not improve.
 

Spot Zinc Price Movement (2013-4-1)

Price Review & Forecast 07:25:28PM Apr 01, 2013 Source:SMM

SHANGHAI, Apr. 1 (SMM) – SHFE 1306 zinc contract prices opened low and then fluctuated weakly as China's March PMI fell short of expectations. Discounts of #0 zinc against SHFE 1306 zinc contract prices were RMB 80-100/mt, with traded prices between RMB 14,540-14,570/mt. #1 zinc prices were RMB 14,520-14,530/mt. traders were cautious as SHFE zinc prices lacked directions from the LME market due to its closure. Downstream buying interest improved due to sufficient cash flows, but most purchased modestly, so overall transactions did not improve.