Spot Zinc Price Movement (2013-10-28)-Shanghai Metals Market

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Spot Zinc Price Movement (2013-10-28)

Price Review & Forecast 05:04:27PM Oct 28, 2013 Source:SMM

SHANGHAI, Oct. 28 (SMM) – #0 zinc prices were between RMB 15,090-15,150/mt, with spot premiums between RMB 40-80/mt against SHFE 1401 zinc contract prices. #1 zinc prices were around RMB 15,040-15,060/mt. Imported SMC and KZ #0 zinc prices were around RMB 15,100/mt, with Peru zinc price around RMB 15,070/mt. SHFE 1401 zinc contract prices soared before falling back, but up from last Friday’s level. Downstream buying interest was low due to month-end cash flow problems, while cargo holders were actively moving goods, but overall trading was muted.
 

Key Words:  zinc prices 

Spot Zinc Price Movement (2013-10-28)

Price Review & Forecast 05:04:27PM Oct 28, 2013 Source:SMM

SHANGHAI, Oct. 28 (SMM) – #0 zinc prices were between RMB 15,090-15,150/mt, with spot premiums between RMB 40-80/mt against SHFE 1401 zinc contract prices. #1 zinc prices were around RMB 15,040-15,060/mt. Imported SMC and KZ #0 zinc prices were around RMB 15,100/mt, with Peru zinc price around RMB 15,070/mt. SHFE 1401 zinc contract prices soared before falling back, but up from last Friday’s level. Downstream buying interest was low due to month-end cash flow problems, while cargo holders were actively moving goods, but overall trading was muted.
 

Key Words:  zinc prices