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Spot Zinc Price Movement (2014-3-4)
Mar 4,2014 17:46CST
price review forecast
Source:SMM
#0 zinc prices were between RMB 14,860-14,900/mt, with spot discounts between RMB 200-240/mt against SHFE 1405 zinc contract prices.

SHANGHAI, Mar. 4 (SMM) – #0 zinc prices were between RMB 14,860-14,900/mt, with spot discounts between RMB 200-240/mt against SHFE 1405 zinc contract prices. #1 zinc prices were between RMB 14,810-14,820/mt. SHFE 1405 zinc contract prices opened at RMB 15,095/mt on Tuesday, rising slightly from the previous trading day, allowing spot discounts to expand by RMB 10/mt as spot prices did not climb. Both smelters and cargo holders were moving goods actively, but downstream buying interest was low despite zinc prices dropped to their lowest for the year. Shuangyan branded #0 zinc prices were between RMB 14,890-14,900/mt, with RMB 14,860/mt for Jiulong, Qinxin, Feilong and SMC branded #0 zinc.
 

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