Spot Zinc Price Movement (2013-4-3)-Shanghai Metals Market

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Spot Zinc Price Movement (2013-4-3)

Price Review & Forecast 06:16:36PM Apr 03, 2013 Source:SMM

SHANGHAI, Apr. 3 (SMM) – SHFE 1307 zinc contract prices opened low and then fluctuated. Discounts of #0 zinc against SHFE 1306 zinc contract prices were RMB 60-80/mt, with traded prices between RMB 14,480-14,510/mt. #1 zinc prices were between RMB 14,460-14,470/mt. Smelters were mostly holding back due to unprofitable prices, and traders stood on the sidelines due to mixed factors. Downstream buyers purchased modestly given low orders, so overall transactions did not improve.
 

Price

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Aluminum Ingot
Oct.18
14000.0
40.0
(0.29%)
Aluminum Ingot - Fo Shan
Oct.18
13960.0
30.0
(0.22%)
Aluminum Ingot - Wu Xi
Oct.18
14000.0
20.0
(0.14%)
Aluminum Ingot - Hang Zhou
Oct.18
14040.0
55.0
(0.39%)
Aluminum Ingot - Chong Qing
Oct.18
13980.0
60.0
(0.43%)

Spot Zinc Price Movement (2013-4-3)

Price Review & Forecast 06:16:36PM Apr 03, 2013 Source:SMM

SHANGHAI, Apr. 3 (SMM) – SHFE 1307 zinc contract prices opened low and then fluctuated. Discounts of #0 zinc against SHFE 1306 zinc contract prices were RMB 60-80/mt, with traded prices between RMB 14,480-14,510/mt. #1 zinc prices were between RMB 14,460-14,470/mt. Smelters were mostly holding back due to unprofitable prices, and traders stood on the sidelines due to mixed factors. Downstream buyers purchased modestly given low orders, so overall transactions did not improve.