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Spot Zinc Price Movement (2014-3-11)
Mar 11,2014 17:58CST
price review forecast
Source:SMM
#0 zinc prices were between RMB 14,750-14,800/mt, with spot discounts between RMB 100-140/mt against SHFE 1405 zinc contract prices.

SHANGHAI, Mar. 11 (SMM) – #0 zinc prices were between RMB 14,750-14,800/mt, with spot discounts between RMB 100-140/mt against SHFE 1405 zinc contract prices. #1 zinc prices were between RMB 14,710-14,720/mt. SHFE 1405 zinc contract prices opened high at RMB 14,860/mt on Tuesday, then edged up, pushing up spot prices. Traders were moving goods actively, while smelters were unwilling to sell goods due to low zinc prices, with downstream buyers remaining cautious. Shuangyan branded #0 zinc prices were between RMB 14,760-14,790/mt initially, and surged to RMB 14,800-14,820/mt near the end of trading, with trades muted, and RMB 14,760/mt for Yuguang branded #0 zinc, and RMB 14,750/mt for Qinxin and Jiulong branded #0 zinc.
 

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