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Home / Metal News / Spot Zinc Price Movement (2014-3-28)

Spot Zinc Price Movement (2014-3-28)

Mar 28, 2014 16:51

Source:SMM

#0 zinc prices were between RMB 14,660-14,690/mt, with spot discounts between RMB 140-170/mt against SHFE 1406 zinc contract prices.

SHANGHAI, Mar. 28 (SMM) – #0 zinc prices were between RMB 14,660-14,690/mt, with spot discounts between RMB 140-170/mt against SHFE 1406 zinc contract prices. #1 zinc prices were between RMB 14,630-14,650/mt. SHFE 1406 zinc contract prices opened at RMB 14,825/mt on Friday, and then moved between RMB 14,820-14,840/mt, flat with the previous day. Some smelters were moving goods actively due to cash flow tightness, but holding back some brands, leaving supply tight. Traders increased purchases, while downstream buyers also replenished stocks at the week’s end, causing transactions improve. Shuangyan branded #0 zinc prices were between RMB 14,680-14,690/mt, with RMB 14,680/mt for Yuguang, and RMB 14,660-14,670/mt for Qinxin, Jiulong and Feilong branded #0 zinc.

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