Spot Zinc Price Movement (2013-4-12)-Shanghai Metals Market

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Spot Zinc Price Movement (2013-4-12)

Price Review & Forecast 07:52:15PM Apr 12, 2013 Source:SMM

SHANGHAI, Apr. 12 (SMM) – SHFE 1307 zinc contract prices opened flat and then fluctuated. Discounts of #0 zinc against SHFE 1306 zinc contract prices were RMB 80-90/mt, with traded prices between RMB 14,680-14,710/mt. #1 zinc prices were between RMB 14,660-14,670/mt. Weak arbitrage opportunities and fluctuating SHFE zinc prices kept traders standing on the sidelines, while downstream buying interest was low despite the weekend neared, keeping overall transactions muted.
 

Price

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#1 Refined Cu
Oct.15
46985.0
-95.0
(-0.20%)
Standard-Grade Copper
Oct.15
46980.0
-90.0
(-0.19%)
High-Grade Copper
Oct.15
46990.0
-100.0
(-0.21%)
Guixi copper
Oct.15
46995.0
-105.0
(-0.22%)
Low-quality copper
Oct.15
46935.0
-90.0
(-0.19%)

Spot Zinc Price Movement (2013-4-12)

Price Review & Forecast 07:52:15PM Apr 12, 2013 Source:SMM

SHANGHAI, Apr. 12 (SMM) – SHFE 1307 zinc contract prices opened flat and then fluctuated. Discounts of #0 zinc against SHFE 1306 zinc contract prices were RMB 80-90/mt, with traded prices between RMB 14,680-14,710/mt. #1 zinc prices were between RMB 14,660-14,670/mt. Weak arbitrage opportunities and fluctuating SHFE zinc prices kept traders standing on the sidelines, while downstream buying interest was low despite the weekend neared, keeping overall transactions muted.