Spot Zinc Price Movement (2013-10-16)

Price Review & Forecast 05:14:29PM Oct 16, 2013 Source:SMM

SHANGHAI, Oct. 16 (SMM) – #0 zinc prices were between RMB 15,030-15,090/mt, with spot premiums of RMB 110-160/mt against SHFE 1401 zinc contract prices. #1 zinc prices were around RMB 15,000/mt, and spot premiums of Belgium #0 zinc were around RMB 30/mt against SHFE 1401 zinc contract prices. SHFE 1401 zinc contract prices weakened, but cargo holders were holding prices firm, pushing up spot premiums by RMB 10/mt. Smelters did not have high inventory pressure and were unwilling to sell goods in large amounts. Downstream buying interest decreased as spot prices remained above RMB 15,000/mt, leaving trading muted. Yuguang and Shuangyan branded #0 zinc prices were around RMB 15,080/mt, and other zinc ingot was traded between RMB 15,030-15,060/mt.
 

Key Words:  zinc prices 

Spot Zinc Price Movement (2013-10-16)

Price Review & Forecast 05:14:29PM Oct 16, 2013 Source:SMM

SHANGHAI, Oct. 16 (SMM) – #0 zinc prices were between RMB 15,030-15,090/mt, with spot premiums of RMB 110-160/mt against SHFE 1401 zinc contract prices. #1 zinc prices were around RMB 15,000/mt, and spot premiums of Belgium #0 zinc were around RMB 30/mt against SHFE 1401 zinc contract prices. SHFE 1401 zinc contract prices weakened, but cargo holders were holding prices firm, pushing up spot premiums by RMB 10/mt. Smelters did not have high inventory pressure and were unwilling to sell goods in large amounts. Downstream buying interest decreased as spot prices remained above RMB 15,000/mt, leaving trading muted. Yuguang and Shuangyan branded #0 zinc prices were around RMB 15,080/mt, and other zinc ingot was traded between RMB 15,030-15,060/mt.
 

Key Words:  zinc prices