Spot Zinc Price Movement (2013-10-25)-Shanghai Metals Market

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Spot Zinc Price Movement (2013-10-25)

Price Review & Forecast 05:14:17PM Oct 25, 2013 Source:SMM

SHANGHAI, Oct. 25 (SMM) – #0 zinc prices were between RMB 15,090-15,150/mt, with spot premiums between RMB 50-90/mt against SHFE 1401 zinc contract prices. #1 zinc prices were around RMB 15,050/mt, but transactions were muted. Imported SMC and KZ #0 zinc prices were between RMB 15,110-15,120/mt, and trading were muted at the high end of the price range. SHFE 1401 zinc contract prices soared before falling back to the opening price, hovering around the 5 and 10-day moving average. Smelters and traders were actively moving goods to generate cash, while downstream buyers lacked buying interest, leaving trading muted.
 

Key Words:  zinc prices  

Spot Zinc Price Movement (2013-10-25)

Price Review & Forecast 05:14:17PM Oct 25, 2013 Source:SMM

SHANGHAI, Oct. 25 (SMM) – #0 zinc prices were between RMB 15,090-15,150/mt, with spot premiums between RMB 50-90/mt against SHFE 1401 zinc contract prices. #1 zinc prices were around RMB 15,050/mt, but transactions were muted. Imported SMC and KZ #0 zinc prices were between RMB 15,110-15,120/mt, and trading were muted at the high end of the price range. SHFE 1401 zinc contract prices soared before falling back to the opening price, hovering around the 5 and 10-day moving average. Smelters and traders were actively moving goods to generate cash, while downstream buyers lacked buying interest, leaving trading muted.
 

Key Words:  zinc prices