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Spot Zinc Price Movement (2013-7-1)
Jul 1,2013 16:41CST
price review forecast
Source:SMM
#0 zinc prices were between RMB 14,570-14,590/mt, with spot premiums between RMB 80-100/mt against SHFE 1310 zinc contract prices.

SHANGHAI, Jul. 1 (SMM) – #0 zinc prices were between RMB 14,570-14,590/mt, with spot premiums between RMB 80-100/mt against SHFE 1310 zinc contract prices. #1 zinc prices were around RMB 14,540/mt. SHFE 1310 zinc contract prices encountered resistance at RMB 14,500/mt. Market cash flow problem eased, increasing cargo holder willingness to hold prices firm, and hedging operation also pushed up spost premiums. But downstream enterprises remained pessimistic, when combined with nearing low demand season for zinc, most of them purchased as needed, keeping transactions quiet.

 

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