Spot Zinc Price Movement (2013-11-6)

SHANGHAI, Nov. 6 (SMM) – #0 zinc prices were between RMB 15,040-15,090/mt, with spot premiums between RMB 50-100/mt against SHFE 1401 zinc contract prices. #1 zinc prices firm between RMB 15,000-15,020/mt, with supply tight. Belgium and Indian #0 zinc prices were between RMB 15,000-15,020/mt, with KZ #0 zinc prices around RMB 15,040/mt. SHFE zinc prices opened low then fluctuated around RMB 15,000/mt. Market players are cautious ahead of the release of Eurozone inflation and US non-farm employment data, with downstream buyers purchasing on an as-needed basis, leaving transactions muted.