Spot Zinc Price Movement (2013-6-17)-Shanghai Metals Market

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Spot Zinc Price Movement (2013-6-17)

Price Review & Forecast 05:14:19PM Jun 17, 2013 Source:SMM

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.
 

Price

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#1 Tin Ingot
Oct.18
139500.0
500.0
(0.36%)
Solder Bar(63A)
Oct.18
101000.0
500.0
(0.50%)
Solder Bar(60A)
Oct.18
97500.0
500.0
(0.52%)
LF Solder
Oct.18
147000.0
500.0
(0.34%)
Tin Powder
Oct.18
142.5
0.0
(0.00%)

Spot Zinc Price Movement (2013-6-17)

Price Review & Forecast 05:14:19PM Jun 17, 2013 Source:SMM

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.