Spot Zinc Price Movement (2013-6-4)-Shanghai Metals Market

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Spot Zinc Price Movement (2013-6-4)

Price Review & Forecast 06:20:18PM Jun 04, 2013 Source:SMM

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.
 

Key Words:  SHFE zinc prices 

Spot Zinc Price Movement (2013-6-4)

Price Review & Forecast 06:20:18PM Jun 04, 2013 Source:SMM

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.
 

Key Words:  SHFE zinc prices