Spot Zinc Price Movement (2013-4-22)-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • Air pollution
  • Macroeconomics
  • Production data
  • Futures movement
  • Zinc
  • Aluminium
  • Nickel
  • Copper
  • hydrogenation stations
  • nickel laterite
  • Market commentary
  • In the United States
  • Morning comments
  • Nickel ore

Spot Zinc Price Movement (2013-4-22)

Price Review & Forecast 05:53:54PM Apr 22, 2013 Source:SMM

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.
 

Price

more
#1 Refined Cu
Oct.21
47190.0
450.0
(0.96%)
Standard-Grade Copper
Oct.21
47180.0
450.0
(0.96%)
High-Grade Copper
Oct.21
47195.0
445.0
(0.95%)
Guixi copper
Oct.21
47200.0
450.0
(0.96%)
Low-quality copper
Oct.21
47140.0
440.0
(0.94%)

Spot Zinc Price Movement (2013-4-22)

Price Review & Forecast 05:53:54PM Apr 22, 2013 Source:SMM

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.