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Spot Zinc Price Movement (2013-6-27)
Jun 27,2013 17:09
CSTprice review forecast
Source:SMM
#0 zinc prices were between RMB 14,470-14,500/mt, with spot premiums between RMB 80-100/mt against SHFE 1310 zinc contract prices.
SHANGHAI, Jun. 27 (SMM) – #0 zinc prices were between RMB 14,470-14,500/mt, with spot premiums between RMB 80-100/mt against SHFE 1310 zinc contract prices. #1 zinc prices were between RMB 14,440-14,450/mt, with imported #0 zinc prices between RMB 14,700-14,800/mt. Cargo holders were actively moving goods as SHFE zinc prices opened low but moved higher, and smelters were also aggressively selling goods due to cash flow problems, while downstream buyers purchased on an as-needed basis, keeping transactions quiet. Trading inventories in Shanghai were removed by 3,000 mt/day.
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