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.
For queries, please contact Michael Jiang at michaeljiang@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn