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Spot Zinc Price Movement (2014-3-19)
Mar 19,2014 17:29CST
price review forecast
Source:SMM
#0 zinc prices were between RMB 14,620-14,650/mt, with spot discounts between RMB 120-150/mt against SHFE 1406 zinc contract prices.

SHANGHAI, Mar. 19 (SMM) – #0 zinc prices were between RMB 14,620-14,650/mt, with spot discounts between RMB 120-150/mt against SHFE 1406 zinc contract prices. #1 zinc prices were between RMB 14,600-14,610/mt. SHFE 1406 zinc contract prices opened at RMB 14,765/mt on Wednesday, and leveled out. Traders lacked interest in operation as zinc prices fluctuated in a narrow band, and smelters continued to move goods modestly, with some forced to undertake maintenance in advance. Downstream enterprises purchased goods at lower prices, who had replenished goods on Tuesday, when combined with market pessimism, downstream buying interest was low, leaving trade muted. Shuangyan branded #0 zinc prices were between RMB 14,640-14,650/mt, with RMB 14,620-14,630/mt for Qinxin, Jiulong and Feilong branded #0 zinc.
 

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