Home / Metal News / Zinc / Spot Zinc Price Movement (2013-6-21)
Spot Zinc Price Movement (2013-6-21)
Jun 21,2013 18:04CST
price review forecast
Source:SMM
#0 zinc prices were between RMB 14,450-14,490/mt, with spot premiums between RMB 50-90/mt against SHFE 1310 zinc contract prices.

SHANGHAI, Jun. 21 (SMM) – #0 zinc prices were between RMB 14,450-14,490/mt, with spot premiums between RMB 50-90/mt against SHFE 1310 zinc contract prices. #1 zinc prices were between RMB 14,440-14,450/mt. SHFE zinc prices dipped before rallying today. Cargo holders’ confidence grew as SHFE zinc prices rebounded, and bargain hunters entered the market, pushing up spot premiums of #0 zinc against SHFE 1310 zinc contract prices to RMB 100/mt. During the second trading session, SHFE zinc prices fluctuated at high levels, but spot premiums of #0 zinc narrowed to RMB 50-90/mt due to sell-offs. Smelters were moving goods actively due to cash flow problems, but as downstream buyers remain cautious, overall transactions were muted.

 

SHFE 1310 zinc contract prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn