Spot Zinc Price Movement (2013-4-24)
SHANGHAI, Apr. 24 (SMM) – SHFE 1307 zinc contract prices fell temporarily after opening but then rebounded. Spot discounts of #0 zinc against SHFE 1307 zinc contract prices narrowed to RMB 30-50/mt, with traded prices between RMB 14,470-14,500/mt. #1 zinc prices were between RMB 14,440-14,450/mt. Smelters were mainly delivering goods for long-term contracts, holding back goods, and traders held prices firm, while downstream buyers stood on the sidelines, with overall transactions muted.
SHFE 1307 zinc contract prices
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