Spot Zinc Price Movement (2013-4-8)-Shanghai Metals Market

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Spot Zinc Price Movement (2013-4-8)

Price Review & Forecast 06:53:07PM Apr 08, 2013 Source:SMM

SHANGHAI, Apr. 8 (SMM) – SHFE 1307 zinc contract prices opened high, but dipped, and then rallied. Discounts of #0 zinc against SHFE 1306 zinc contract prices were RMB 50-70/mt, with traded prices between RMB 14,490-14,530/mt. #1 zinc prices were between RMB 14,460-14,480/mt, with tight supply. Smelters continued to hold back goods, and traders stood on the sidelines after the holiday. Downstream buyers purchased to replenish stocks, so overall transactions improved.
 

Spot Zinc Price Movement (2013-4-8)

Price Review & Forecast 06:53:07PM Apr 08, 2013 Source:SMM

SHANGHAI, Apr. 8 (SMM) – SHFE 1307 zinc contract prices opened high, but dipped, and then rallied. Discounts of #0 zinc against SHFE 1306 zinc contract prices were RMB 50-70/mt, with traded prices between RMB 14,490-14,530/mt. #1 zinc prices were between RMB 14,460-14,480/mt, with tight supply. Smelters continued to hold back goods, and traders stood on the sidelines after the holiday. Downstream buyers purchased to replenish stocks, so overall transactions improved.