Spot Zinc Price Movement (2013-4-22)
SHANGHAI, Apr. 22 (SMM) – SHFE 1307 zinc contract prices fluctuated high. Spot discounts of #0 zinc against SHFE 1307 zinc contract prices were between RMB 60-70/mt, with traded prices between RMB 14,490-14,510/mt. #1 zinc prices were between RMB 14,460-14,470/mt. Smelters were still holding back goods, while traders barely had arbitrage opportunity due to firm spot prices and steady discounts, and downstream buying interest was still low, keeping overall transactions muted.
SHFE 1307 zinc contract prices
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