Spot Zinc Price Movement (2013-11-7)

SHANGHAI, Nov. 7 (SMM) – #0 zinc prices were between RMB 15,040-15,080/mt, with spot premiums between RMB 70-110/mt against SHFE 1401 zinc contract prices. #1 zinc prices firm between RMB 15,000-15,010/mt, with trades muted at the high end of the price range. Belgium #0 zinc prices were between RMB 14,980-15,000/mt, with KZ and SMC #0 zinc prices higher between RMB 15,040-15,050/mt. SHFE zinc prices opened low then fluctuated around RMB 15,000/mt. Traders held to the sidelines, with downstream buyers purchasing on an as-needed basis, leaving transactions muted.