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Spot Zinc Price Movement (2013-11-26)
Nov 26,2013 16:40CST
price review forecast
Source:SMM
#0 zinc prices were between RMB 14,910-14,940/mt, with spot premiums between RMB 70-100/mt against SHFE 1402 zinc contract prices.

SHANGHAI, Nov. 26 (SMM) – #0 zinc prices were between RMB 14,910-14,940/mt, with spot premiums between RMB 70-100/mt against SHFE 1402 zinc contract prices. Lida branded #1 zinc prices were between RMB 14,880-14,890/mt, with spot premiums SMC branded zinc RMB 50-60/mt against SHFE 1402 zinc contract prices, trading between RMB 14,890-14,900/mt. SHFE 1402 zinc contract prices opened high but moved lower, leveling out around RMB 14,860/mt, depressing market sentiment. Smelters moved goods normally, and traders were actively moving goods to generate cash, but downstream buying interest remained low, leaving transactions muted.
 

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