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Spot Zinc Price Movement (2013-8-6)

iconAug 6, 2013 18:01
Source:SMM
#0 zinc prices were between RMB 14,730-14,760/mt, with spot premiums of RMB 150-180/mt against SHFE 1311 zinc contract prices.

SHANGHAI, Aug. 6 (SMM) – #0 zinc prices were between RMB 14,730-14,760/mt, with spot premiums of RMB 150-180/mt against SHFE 1311 zinc contract prices. #1 zinc prices were around RMB 14,700/mt. SHFE zinc prices underwent corrections, and some smelters were unwilling to sell goods, traders lacked arbitrage opportunities, and downstream buyers purchased as needed, leaving transactions quiet. Discounts in Guangdong narrowed to RMB 180/mt against Shanghai as cargo holders hold onto goods.

 

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