Spot Zinc Price Movement (2013-6-21)-Shanghai Metals Market

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Spot Zinc Price Movement (2013-6-21)

Price Review & Forecast 06:04:39PM Jun 21, 2013 Source:SMM

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.

 

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 (2013-6-21)

Price Review & Forecast 06:04:39PM Jun 21, 2013 Source:SMM

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.