Spot Zinc Price Movement (2014-3-7)

SHANGHAI, Mar. 7 (SMM) – #0 zinc prices were between RMB 14,930-14,970/mt, with spot discounts between RMB 200-240/mt against SHFE 1405 zinc contract prices. #1 zinc prices were between RMB 14,870-14,880/mt. SHFE 1405 zinc contract prices opened at RMB 15,210/mt on Friday, then edged down during the first session, dragging down Shuangyan branded #0 zinc prices from RMB 14,990/mt to RMB 14,960/mt. During the second session, SHFE zinc prices leveled out between RMB 15,160-15,170/mt, with most traders actively moving goods, and some pessimistic investors purchasing goods. Some downstream buyers entered the market at the week’s end. Shuangyan branded #0 zinc prices were around RMB 14,960/mt, with RMB 14,940/mt for Yuguang branded #0 zinc, and RMB 14,930/mt for Qinxin, Jiulong and Feilong branded #0 zinc.