Spot Zinc Price Movement (2013-6-4)

SHANGHAI, Jun. 4 (SMM) – SHFE zinc prices soared initially but later fell back today. #0 zinc prices ranged from RMB 20/mt below to RMB 20/mt above SHFE 1309 zinc contract prices, with traded prices between RMB 14,840-14,880/mt. #1 zinc prices were between RMB 14,800-14,810/mt. During the second session, SHFE zinc prices dropped further, and cargo holders held back goods and maintained prices firm, while downstream buying interest improved, but transactions were muted. #0 zinc prices ranged from RMB 20/mt below to RMB 20/mt above SHFE 1309 zinc contract prices, with traded prices between RMB 14,830-14,860/mt. As downstream buying interest was generally low, overall transactions were muted.