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Spot Zinc Price Movement (2013-11-13)
Nov 13,2013 17:46CST
price review forecast
Source:SMM
#0 zinc prices were between RMB 14,900-14,940/mt, down RMB 30-40/mt, with spot premiums between RMB 100-140/mt against SHFE 1401 zinc contract prices.

SHANGHAI, Nov. 13 (SMM) – #0 zinc prices were between RMB 14,900-14,940/mt, down RMB 30-40/mt, with spot premiums between RMB 100-140/mt against SHFE 1401 zinc contract prices. #1 zinc prices were around RMB 14,870/mt. Spot premiums of Belgian #0 zinc prices were RMB 60/mt, with RMB 14,850/mt, KZ #0 zinc prices were around RMB 14,900/mt, with premiums of RMB 100/mt. SHFE zinc prices fluctuated between the 30 and 60-day moving average. Continuously falling zinc prices forced more buyers out of the market, and traders were taking a wait-and-see attitude. Smelters were moving goods normally, but transactions were muted.
 

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