Spot Zinc Price Movement (2013-4-24)-Shanghai Metals Market

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Spot Zinc Price Movement (2013-4-24)

Price Review & Forecast 05:06:56PM Apr 24, 2013 Source:SMM

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.
 

Price

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Aluminum Ingot
Oct.16
13880.0
110.0
(0.80%)
Aluminum Ingot - Fo Shan
Oct.16
13840.0
60.0
(0.44%)
Aluminum Ingot - Wu Xi
Oct.16
13890.0
100.0
(0.73%)
Aluminum Ingot - Hang Zhou
Oct.16
13905.0
95.0
(0.69%)
Aluminum Ingot - Chong Qing
Oct.16
13840.0
85.0
(0.62%)

Spot Zinc Price Movement (2013-4-24)

Price Review & Forecast 05:06:56PM Apr 24, 2013 Source:SMM

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.