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Home / Metal News / Spot Zinc Price Movement (2013-6-17)

Spot Zinc Price Movement (2013-6-17)

iconJun 17, 2013 17:14
SHFE zinc prices soared but met resistance at RMB 14,600/mt.

SHANGHAI, Jun. 17 (SMM) – SHFE zinc prices soared but met resistance at RMB 14,600/mt. Spot premiums of #0 zinc narrowed to RMB 80-110/mt against SHFE 1309 zinc contract prices, with traded prices between RMB 14,670-14,700/mt, and with prices of imported #0 zinc around RMB 14,650/mt. #1 zinc prices were between RMB 14,630-14,640/mt. market sentiment improved, with short momentum weakening, and cargo holders' willingness to sell goods increased. But downstream buyers and traders remained cautious due to high premiums and cash flow tightness, keeping transactions quiet.
 

SHFE zinc prices soared but met resistance at RMB 14
600/mt.
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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