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Home / Metal News / Spot Zinc Price Movement (2013-11-12)

Spot Zinc Price Movement (2013-11-12)

Nov 12, 2013 17:16

Source:SMM

#0 zinc prices dropped RMB 70/mt, to RMB 14,930-14,980/mt, with spot premiums between RMB 80-130/mt against SHFE 1401 zinc contract prices.

SHANGHAI, Nov. 12 (SMM) – #0 zinc prices dropped RMB 70/mt, to RMB 14,930-14,980/mt, with spot premiums between RMB 80-130/mt against SHFE 1401 zinc contract prices. #1 zinc prices were between RMB 14,910-14,920/mt due to tight supply. KZ #0 zinc prices were RMB 14,920/mt. SHFE zinc prices fell below RMB 15,000/mt, with smelters slowing goods supply. But traders were moving goods actively due to market pessimism, and downstream buyers purchased cautiously, leaving transactions muted.

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