Spot Zinc Price Movement (2013-6-25)

SHANGHAI, Jun. 25 (SMM) – #0 zinc prices were between RMB 14,420-14,450/mt, with spot premiums between RMB 90-110/mt against SHFE 1310 zinc contract prices. #1 zinc prices were around RMB 14,410/mt. SHFE zinc prices opened lower and then fluctuated narrowly, and domestic stocks markets extended declines, with the Shanghai Composite Index losing 1,900 level, and with declines expanding to 3.6% by 11:30 AM. Downstream buying interest was low, while traders were depressed as SHFE zinc prices moved narrowly, and smelters were actively moving goods, but with transactions muted.