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Spot Zinc Price Movement (2013-6-17)
Jun 17,2013 17:14CST
price review forecast
Source:SMM
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.

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