Spot Zinc Price Movement (2013-10-22)-Shanghai Metals Market

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Spot Zinc Price Movement (2013-10-22)

Price Review & Forecast 05:24:44PM Oct 22, 2013 Source:SMM

SHANGHAI, Oct. 22 (SMM) – #0 zinc prices were between RMB 15,090-15,160/mt, with spot premiums between RMB 50-100/mt against SHFE 1401 zinc contract prices. #1 zinc prices were around RMB 15,050/mt. SHFE 1401 zinc contract prices leveled out, distressing cargo holders. When combined with the lack of downstream buyers, transactions were muted. Smelters were actively moving goods, leaving supply ample. But downstream buying interest was low above RMB 15,000/mt, leaving trading muted. Shuangyan branded #0 zinc prices were around RMB 15,160/mt, with Qinxin branded #0 zinc prices around RMB 15,110/mt.
 

Key Words:  zinc prices  

Spot Zinc Price Movement (2013-10-22)

Price Review & Forecast 05:24:44PM Oct 22, 2013 Source:SMM

SHANGHAI, Oct. 22 (SMM) – #0 zinc prices were between RMB 15,090-15,160/mt, with spot premiums between RMB 50-100/mt against SHFE 1401 zinc contract prices. #1 zinc prices were around RMB 15,050/mt. SHFE 1401 zinc contract prices leveled out, distressing cargo holders. When combined with the lack of downstream buyers, transactions were muted. Smelters were actively moving goods, leaving supply ample. But downstream buying interest was low above RMB 15,000/mt, leaving trading muted. Shuangyan branded #0 zinc prices were around RMB 15,160/mt, with Qinxin branded #0 zinc prices around RMB 15,110/mt.
 

Key Words:  zinc prices