Spot Zinc Price Movement (2013-6-26)-Shanghai Metals Market

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Spot Zinc Price Movement (2013-6-26)

Price Review & Forecast 04:45:25PM Jun 26, 2013 Source:SMM

SHANGHAI, Jun. 26 (SMM) – #0 zinc prices were between RMB 14,460-14,480/mt, with spot premiums between RMB 80-110/mt against SHFE 1310 zinc contract prices. #1 zinc prices were between RMB 14,410-14,430/mt. SHFE zinc prices opened high but moved lower, and domestic stocks markets were also sluggish, triggering market apprehension. Smelters were actively moving goods due to cash flow problem, but began to hold back goods as zinc prices fell, while downstream buyers are optimistic towards price trends and are faced with cash flow tightness, so they stood on the sidelines, keeping transactions muted.


 

Key Words:  zinc prices 

Spot Zinc Price Movement (2013-6-26)

Price Review & Forecast 04:45:25PM Jun 26, 2013 Source:SMM

SHANGHAI, Jun. 26 (SMM) – #0 zinc prices were between RMB 14,460-14,480/mt, with spot premiums between RMB 80-110/mt against SHFE 1310 zinc contract prices. #1 zinc prices were between RMB 14,410-14,430/mt. SHFE zinc prices opened high but moved lower, and domestic stocks markets were also sluggish, triggering market apprehension. Smelters were actively moving goods due to cash flow problem, but began to hold back goods as zinc prices fell, while downstream buyers are optimistic towards price trends and are faced with cash flow tightness, so they stood on the sidelines, keeping transactions muted.


 

Key Words:  zinc prices