Spot Zinc Price Movement (2013-6-28)-Shanghai Metals Market

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Spot Zinc Price Movement (2013-6-28)

Price Review & Forecast 06:02:10PM Jun 28, 2013 Source:SMM

SHANGHAI, Jun. 28 (SMM) – #0 zinc prices were between RMB 14,480-14,500/mt, with spot premiums between RMB 70-90/mt against SHFE 1310 zinc contract prices. #1 zinc prices were around RMB 14,470/mt, and goods availability low. SHFE three-month zinc contract prices opened slightly lower but rallied, meeting resistance at the 10-day moving average and lacking momentum to climb further, with the market pessimistic toward price trends. Smelters continue to move goods, while downstream buying interest weakened, and traders also lacked interest to operate due to cash flow problems, keeping transactions quiet.

 

Key Words:  zinc prices  

Spot Zinc Price Movement (2013-6-28)

Price Review & Forecast 06:02:10PM Jun 28, 2013 Source:SMM

SHANGHAI, Jun. 28 (SMM) – #0 zinc prices were between RMB 14,480-14,500/mt, with spot premiums between RMB 70-90/mt against SHFE 1310 zinc contract prices. #1 zinc prices were around RMB 14,470/mt, and goods availability low. SHFE three-month zinc contract prices opened slightly lower but rallied, meeting resistance at the 10-day moving average and lacking momentum to climb further, with the market pessimistic toward price trends. Smelters continue to move goods, while downstream buying interest weakened, and traders also lacked interest to operate due to cash flow problems, keeping transactions quiet.

 

Key Words:  zinc prices