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Spot Zinc Price Movement (2014-3-25)
Mar 25,2014 18:08CST
price review forecast
Source:SMM
#0 zinc prices were between RMB 14,620-14,650/mt, with spot discounts between RMB 120-170/mt against SHFE 1406 zinc contract prices.

SHANGHAI, Mar. 25 (SMM) – #0 zinc prices were between RMB 14,620-14,650/mt, with spot discounts between RMB 120-170/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 14,755/mt on Tuesday, and leveled out between RMB 14,760-14,770/mt. Shuangyan branded #0 zinc prices were around RMB 14,640/mt, with spot discounts of RMB 120/mt against SHFE 1406 zinc contract prices. Prices for other regular brands were around RMB 14,620/mt. As SHFE copper prices soared after 11:00 AM, SHFE 1406 zinc contract prices rose sharply, but spot prices were resistant to increases, with discounts expanding to RMB 140-170/mt. Shuangyan branded #0 zinc prices rose to RMB 14,650-14,660/mt, with RMB 14,630-14,640/mt for Qilin, Jiulong and Feilong branded #0 zinc. Large amounts of #0 zinc from India and Belgium arrived, with prices between RMB 14,600-14,620/mt. Zinc price volatility increased, when combined with market optimism, traders were active. But downstream buyers continued to purchase as needed, with transactions improving and mainly made among traders.
 

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