Spot Zinc Price Movement (2013-10-16)-Shanghai Metals Market

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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 

Price

more
62% Fe Fines (Qingdao Port): IOPI62
May.24
758.0
3.0
(0.40%)
62% Fe Fines (Qingdao Port, CFR Equiv.)
May.24
101.8
0.4
(0.41%)
58% Fe Fines (Qingdao Port): IOPI58
May.24
644.0
0.0
(0.00%)
58% Fe Fines (Qingdao Port, CFR Equiv.)
May.24
86.8
0.0
(0.00%)
65% Fe Fines (Qingdao Port): IOPI65
May.24
866.0
2.0
(0.23%)

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