Spot Zinc Price Movement (2013-4-11)-Shanghai Metals Market

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Spot Zinc Price Movement (2013-4-11)

Price Review & Forecast 07:40:54PM Apr 11, 2013 Source:SMM

SHANGHAI, Apr. 11 (SMM) – SHFE 1307 zinc contract prices opened low, but then rose slightly and then fluctuated. Discounts of #0 zinc against SHFE 1306 zinc contract prices were RMB 90-100/mt, with traded prices between RMB 14,710-14,730/mt. #1 zinc prices were between RMB 14,670-14,700/mt. Sluggish downstream market has dragged down zinc market. With pessimism prevailing in the market, downstream buyers mainly took a wait-and-see attitude, and traders also lacked interest to enter the market as SHFE zinc prices fluctuated, keeping overall transactions muted.
 

Price

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#1 Refined Cu
Oct.16
46915.0
-70.0
(-0.15%)
Standard-Grade Copper
Oct.16
46905.0
-75.0
(-0.16%)
High-Grade Copper
Oct.16
46925.0
-65.0
(-0.14%)
Guixi copper
Oct.16
46930.0
-65.0
(-0.14%)
Low-quality copper
Oct.16
46875.0
-60.0
(-0.13%)

Spot Zinc Price Movement (2013-4-11)

Price Review & Forecast 07:40:54PM Apr 11, 2013 Source:SMM

SHANGHAI, Apr. 11 (SMM) – SHFE 1307 zinc contract prices opened low, but then rose slightly and then fluctuated. Discounts of #0 zinc against SHFE 1306 zinc contract prices were RMB 90-100/mt, with traded prices between RMB 14,710-14,730/mt. #1 zinc prices were between RMB 14,670-14,700/mt. Sluggish downstream market has dragged down zinc market. With pessimism prevailing in the market, downstream buyers mainly took a wait-and-see attitude, and traders also lacked interest to enter the market as SHFE zinc prices fluctuated, keeping overall transactions muted.