Spot Zinc Price Movement (2013-4-23)-Shanghai Metals Market

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Spot Zinc Price Movement (2013-4-23)

Price Review & Forecast 05:22:42PM Apr 23, 2013 Source:SMM

SHANGHAI, Apr. 23 (SMM) – SHFE 1307 zinc contract prices soared briefly but then inched down. Spot discounts of #0 zinc against SHFE 1307 zinc contract prices narrowed from RMB 70-90/mt, to RMB 50-60/mt, with traded prices between RMB 14,460-14,490/mt. #1 zinc prices were between RMB 14,430-14,440/mt, with supply remaining tight. Smelters were still holding back goods, while downstream buyers began to replenish stocks modestly, with overall transactions muted.
 

Price

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1# Silver ingots(99.99%)
Oct.14
4279.0
0.0
(0.00%)
2# Silver ingots(99.95%)
Oct.14
4264.0
0.0
(0.00%)
3# Silver ingots(99.90%)
Oct.14
4249.0
0.0
(0.00%)
Gold(99.99%)
Oct.14
339.0
-4.3
(-1.25%)
Gold(99.95%)
Oct.14
338.8
-4.3
(-1.27%)

Spot Zinc Price Movement (2013-4-23)

Price Review & Forecast 05:22:42PM Apr 23, 2013 Source:SMM

SHANGHAI, Apr. 23 (SMM) – SHFE 1307 zinc contract prices soared briefly but then inched down. Spot discounts of #0 zinc against SHFE 1307 zinc contract prices narrowed from RMB 70-90/mt, to RMB 50-60/mt, with traded prices between RMB 14,460-14,490/mt. #1 zinc prices were between RMB 14,430-14,440/mt, with supply remaining tight. Smelters were still holding back goods, while downstream buyers began to replenish stocks modestly, with overall transactions muted.