Spot Zinc Price Movement (2013-6-3)

SHANGHAI, Jun. 3 (SMM) – SHFE zinc prices opened higher but later fell back below the 60-day moving average. #0 zinc prices ranged from RMB 30/mt below to RMB 10/mt above SHFE 1309 zinc contract prices, with traded prices between RMB 14,810-14,850/mt. #1 zinc prices were between RMB 14,800-14,810/mt. Prices of the Shuangyan brand were between RMB 14,830-14,850/mt, with price of Yuguang around RMB 14,830/mt, and prices of Baohui, Qinxin and Shuikoushan around RMB 14,820/mt. Cargo holders moved goods actively due to rising zinc prices, but downstream buying interest was low, keeping overall transactions muted.