Spot Zinc Price Movement (2013-6-18)-Shanghai Metals Market

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Spot Zinc Price Movement (2013-6-18)

Price Review & Forecast 05:29:10PM Jun 18, 2013 Source:SMM

SHANGHAI, Jun. 18 (SMM) – #0 zinc prices were between RMB 14,650-14,680/mt, with spot premiums between RMB 90-110/mt against SHFE 1309 zinc contract prices. #1 zinc prices were between RMB 14,630/mt. Imported #0 zinc prices were around RMB 14,640/mt. Cargo holders were actively moving goods to generate cash as SHFE zinc prices inched down, but downstream buying interest weakened, keeping transactions quiet. With the exception of the Shuangyan brand, goods supply was tight, with the price spread with Shuangyan brand narrowing to RMB 10-20/mt. Imported zinc in Guangdong province squeezed market shares of domestic zinc, while downstream demand was also sluggish, with prices of Qilin brand between RMB 14,540-14,570/mt, and with the price spread with Shuangyan around RMB 100/mt.
 

Relative News

Price

more
1# Zinc
Oct.17
18820.0
-110.0
(-0.58%)
0# Zinc
Oct.17
18890.0
-110.0
(-0.58%)
T/C for domestic zinc concentrate
Oct.01
6325.0
0.0
(0.00%)
T/C for imported zinc concentrate
Oct.01
280.0
0.0
(0.00%)
Zinc Alloy (Zamak3/ZX01)
Oct.17
19790.0
-110.0
(-0.55%)

Spot Zinc Price Movement (2013-6-18)

Price Review & Forecast 05:29:10PM Jun 18, 2013 Source:SMM

SHANGHAI, Jun. 18 (SMM) – #0 zinc prices were between RMB 14,650-14,680/mt, with spot premiums between RMB 90-110/mt against SHFE 1309 zinc contract prices. #1 zinc prices were between RMB 14,630/mt. Imported #0 zinc prices were around RMB 14,640/mt. Cargo holders were actively moving goods to generate cash as SHFE zinc prices inched down, but downstream buying interest weakened, keeping transactions quiet. With the exception of the Shuangyan brand, goods supply was tight, with the price spread with Shuangyan brand narrowing to RMB 10-20/mt. Imported zinc in Guangdong province squeezed market shares of domestic zinc, while downstream demand was also sluggish, with prices of Qilin brand between RMB 14,540-14,570/mt, and with the price spread with Shuangyan around RMB 100/mt.