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Spot Zinc Price Movement (2013-6-24)
Jun 24,2013 17:49
CSTprice review forecast
Source:SMM
#0 zinc prices were between RMB 14,450-14,480/mt, with spot premiums between RMB 70-100/mt against SHFE 1310 zinc contract prices.
SHANGHAI, Jun. 24 (SMM) – #0 zinc prices were between RMB 14,450-14,480/mt, with spot premiums between RMB 70-100/mt against SHFE 1310 zinc contract prices. #1 zinc prices were around RMB 14,440/mt. Smelters were still actively moving goods due to cash flow problem. As SHFE zinc prices moved lower, spot premiums expanded, causing arbitrage traders to move goods, keeping goods supply ample. But downstream buyers purchased as needed. Prices of the Shuangyan brand were between RMB 14,460-14,480/mt, and Yuguang and Shuikoushan prices averaged RMB 14,450/mt.
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