Spot Zinc Price Movement (2014-3-12)

Mar 12, 2014 14:11

Mainstream traded prices were RMB 14,730-14,770/mt for #0 zinc ingot, a discount of RMB 90-130/mt, and RMB 14,690-14,700/mt for #1 zinc ingot on Wednesday.

SHANGHAI, Mar. 12 (SMM) – Mainstream traded prices were RMB 14,730-14,770/mt for #0 zinc ingot, a discount of RMB 90-130/mt, and RMB 14,690-14,700/mt for #1 zinc ingot on Wednesday. Boosted by SHFE copper prices resuming trading in the morning, the most active SHFE zinc contract rebounded by RMB 1,850-1,870/mt after starting at RMB 14,785/mt. Zinc smelters were reluctant to move goods to hold prices firm, but a large amount of hedged goods flowed into the market, inflating spot zinc supply. Downstream producers had lower buying interest in a stronger wait-and-see attitude, with trading activity worse than previous two days. Traded prices were RMB 14,750-14,770/mt for Shuangyan branded #0 zinc, and RMB 14,730-14,760/mt for Jiulong, Qinxin, Feilong, and Baohui branded #0 zinc on Wednesday.

spot zinc prices

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Spot Zinc Price Movement (2014-3-12)

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