Spot Zinc Price Movement (2013-6-14)-Shanghai Metals Market

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Spot Zinc Price Movement (2013-6-14)

Price Review & Forecast 05:09:09PM Jun 14, 2013 Source:SMM

SHANGHAI, Jun. 14 (SMM) – SHFE zinc prices opened lower today and later fluctuated narrowly. Spot premiums of #0 zinc expanded to RMB 100-130/mt against SHFE 1309 zinc contract prices, with traded prices between RMB 14,620-14,660/mt. #1 zinc prices were around RMB 14,600/mt. Traded prices in Guangdong were close to SHFE zinc prices, but spot premiums in Shanghai exceeded RMB 100/mt due to supply tightness. traders stood on the sidelines due to the lack of arbitrage opportunity, and downstream buying interest was low, keeping transactions quiet.
 

Spot Zinc Price Movement (2013-6-14)

Price Review & Forecast 05:09:09PM Jun 14, 2013 Source:SMM

SHANGHAI, Jun. 14 (SMM) – SHFE zinc prices opened lower today and later fluctuated narrowly. Spot premiums of #0 zinc expanded to RMB 100-130/mt against SHFE 1309 zinc contract prices, with traded prices between RMB 14,620-14,660/mt. #1 zinc prices were around RMB 14,600/mt. Traded prices in Guangdong were close to SHFE zinc prices, but spot premiums in Shanghai exceeded RMB 100/mt due to supply tightness. traders stood on the sidelines due to the lack of arbitrage opportunity, and downstream buying interest was low, keeping transactions quiet.