Spot Zinc Price Movement (2014-3-20)

Mar 20, 2014 13:55

Traded prices were RMB 14,640-14,670/mt for #0 lead prices, a discount of RMB 120-150/mt over the most active SHFE 1406 zinc contract prices, and RMB 14,620-14,630/mt for #1 lead prices on Thursday.

SHANGHAI, Mar. 20 (SMM) – Traded prices were RMB 14,640-14,670/mt for #0 lead prices, a discount of RMB 120-150/mt over the most active SHFE 1406 zinc contract prices, and RMB 14,620-14,630/mt for #1 lead prices on Thursday. SHFE 1406 zinc contract prices fell to around RMB 14,800/mt after starting at RMB 14,860/mt. Traders moved goods in a moderate pace, but zinc smelters were disinclined to trade. The stabilizing zinc prices encouraged downstream produces to buy the dips, leaving trading activity better than Wednesday. Traded prices were RMB 14,660-14,670/mt for Shuangyan branded #0 zinc, RMB 14,640-14,650/mt for Qinxin, Feilong, and Jiulong branded #0 zinc, and RMB 14,640/mt for Tongguan branded #0 zinc on Thursday.

spot zinc prices

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Spot Zinc Price Movement (2014-3-20)

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