Home / Metal News / Aluminium / SMM Zinc Market Daily Review (2013-11-28)
SMM Zinc Market Daily Review (2013-11-28)
Nov 25,2013 09:44CST
price review forecast
Source:SMM
SHFE 1402 zinc contract prices opened at RMB自14,845/mt, and then hover between RMB 14,820-14,840/mt.

SHANGHAI, Nov. 25 (SMM) – SHFE 1402 zinc contract prices opened at RMB 14,845/mt, and then hover between RMB 14,820-14,840/mt. As  a large number of investors left the market after profit-taking, SHFE zinc prices fluctuated in a RMB 35/mt range, closing the day at RMB 14,830/mt, up RMB 10/mt. Trading volumes decreased by 10,078 lots, to 17,812 lots, and total positions decreased by 396 lots, to 116,000 lots.

#0 zinc prices were between RMB 14,900-14,940/mt, with spot premiums between RMB 70-110/mt against SHFE 1402 zinc contract prices. #1 zinc prices were between RMB 14,860-14,870/mt, with supply tight. SHFE 1402 zinc contract prices hovered between the 5 and 10-day moving average. Smelters were moving goods normally, while traders lacked interest to enter the market, and downstream buyers built stocks modestly, keeping transactions muted. Shuangyan branded #0 zinc prices were between RMB 14,930-14,940/mt, and Qinxin and Jiulong branded #0 zinc prices were around RMB 14,900/mt. Spot premiums of imported #0 zinc were RMB 60-80/mt against SHFE 1402 zinc contract prices, trading between RMB 14,880-14,900/mt. Belgian, Indian and Mexican #0 zinc prices were RMB 14,850/mt. With tight domestic #1 zinc supply, Kazakhstan #1 zinc prices were between RMB 14,810-14,820/mt.
 

zinc prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news