Spot Zinc Price Movement (2013-4-10)-Shanghai Metals Market

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Spot Zinc Price Movement (2013-4-10)

Price Review & Forecast 06:31:11PM Apr 10, 2013 Source:SMM

SHANGHAI, Apr. 10 (SMM) – SHFE 1307 zinc contract prices opened high, but then fell slightly. Discounts of #0 zinc against SHFE 1306 zinc contract prices were RMB 100-110/mt, with traded prices between RMB 14,720-14,740/mt. #1 zinc prices were between RMB 14,690-14,710/mt. LME zinc prices weakened, and dragged down SHFE zinc prices. With a lack of support from demand, spot zinc prices were pessimistic. Cargo holders sold goods modestly, while downstream buyers mainly took a wait-and-see attitude, keeping overall transactions muted.
 

Price

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#1 Refined Cu
Oct.14
47080.0
20.0
(0.04%)
Standard-Grade Copper
Oct.14
47070.0
20.0
(0.04%)
High-Grade Copper
Oct.14
47090.0
20.0
(0.04%)
Guixi copper
Oct.14
47100.0
25.0
(0.05%)
Low-quality copper
Oct.14
47025.0
30.0
(0.06%)

Spot Zinc Price Movement (2013-4-10)

Price Review & Forecast 06:31:11PM Apr 10, 2013 Source:SMM

SHANGHAI, Apr. 10 (SMM) – SHFE 1307 zinc contract prices opened high, but then fell slightly. Discounts of #0 zinc against SHFE 1306 zinc contract prices were RMB 100-110/mt, with traded prices between RMB 14,720-14,740/mt. #1 zinc prices were between RMB 14,690-14,710/mt. LME zinc prices weakened, and dragged down SHFE zinc prices. With a lack of support from demand, spot zinc prices were pessimistic. Cargo holders sold goods modestly, while downstream buyers mainly took a wait-and-see attitude, keeping overall transactions muted.