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Spot Zinc Price Movement (2013-7-22)
Jul 22,2013 17:16CST
price review forecast
Source:SMM
#0 zinc prices were between RMB 14,670-14,700/mt, with spot premiums of RMB 80-100/mt against SHFE 1310 zinc contract prices.

SHANGHAI, Jul. 22 (SMM) – #0 zinc prices were between RMB 14,670-14,700/mt, with spot premiums of RMB 80-100/mt against SHFE 1310 zinc contract prices. #1 zinc prices were between RMB 14,650-14,660/mt. SHFE zinc prices rebounded, but spot prices resisted increases due to soft demand, with spot premiums narrowing. Smelter unwillingness to sell goods eased, but mostly took a wait-and-see attitude, and downstream buyers also lacked interest to purchase goods. Traders purchased modestly due to market pessimism, leaving transactions quiet.

 


 

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