Spot Zinc Price Movement (2014-3-21)

SHANGHAI, Mar. 21 (SMM) – In the Shanghai physical zinc market, traded prices on Friday were RMB 14,610-14,650/mt for #0 zinc, a discount of RMB 110-150/mt for the most active SHFE 1406 zinc contract prices, and RMB 14,610/mt for #1 zinc. Spot zinc prices inched a touch lower after SHFE 1406 zinc contract prices went down after starting at RMB 14,735/mt. Zinc smelters were disinclined to move goods, and traders also had low interest in entering the market against low zinc prices. Parts of downstream producers built stocks in small scale before the weekend, with trading volumes barely budging from Thursday’s level. Mainstream traded prices were RMB 14,640-14,650/mt for Shuangyan branded #0 zinc, RMB 14,630/mt for Yuguang branded #0 zinc, RMB 14,620/mt for Jiulong and Qinxin branded #0 zinc, and RMB 14,610-14,620/mt for Feilong branded #0 zinc on Friday.