Spot Zinc Price Movement (2013-6-5)-Shanghai Metals Market

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Spot Zinc Price Movement (2013-6-5)

Price Review & Forecast 05:54:54PM Jun 05, 2013 Source:SMM

SHANGHAI, Jun. 5 (SMM) – SHFE zinc prices opened slightly higher today but later fell. #0 zinc prices ranged from RMB 10/mt below to RMB 10/mt above SHFE 1309 zinc contract prices, with traded prices between RMB 14,840-14,880/mt. #1 zinc prices were between RMB 14,800-14,830/mt. Market was cautious, with long momentum weakening and large numbers of investors closing positions. Profit seekers entered the market when prices rose, and downstream buying replenished stocks modestly, but overall transactions remained quiet due to pessimism and weakening SHFE zinc prices.
 

Key Words:  SHFE zinc prices  

Spot Zinc Price Movement (2013-6-5)

Price Review & Forecast 05:54:54PM Jun 05, 2013 Source:SMM

SHANGHAI, Jun. 5 (SMM) – SHFE zinc prices opened slightly higher today but later fell. #0 zinc prices ranged from RMB 10/mt below to RMB 10/mt above SHFE 1309 zinc contract prices, with traded prices between RMB 14,840-14,880/mt. #1 zinc prices were between RMB 14,800-14,830/mt. Market was cautious, with long momentum weakening and large numbers of investors closing positions. Profit seekers entered the market when prices rose, and downstream buying replenished stocks modestly, but overall transactions remained quiet due to pessimism and weakening SHFE zinc prices.
 

Key Words:  SHFE zinc prices