Spot Zinc Price Movement (2013-7-17)

SHANGHAI, Jul. 17 (SMM) – #0 zinc prices were between RMB 14,750-14,780/mt, with spot premiums of RMB 70-80/mt against SHFE 1310 zinc contract prices. #1 zinc prices were around RMB 14,720/mt, with imported #0 zinc prices around RMB 14,740/mt. SHFE zinc prices fluctuated in a narrow range, and longs left the market with profit-taking. SHFE 1311 zinc contract prices once pulled up to RMB 14700/mt. cargo holders held Shuangyan #0 zinc prices firm around RMB 14,780/mt, but inquiries were muted, with prices falling back to RMB 14,770/mt. Some smelters were actively selling goods at higher prices, and traders were actively due to expanding spot premiums. But downstream buying interest was low, leaving transactions muted.