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Spot Zinc Price Movement (2014-4-1)
Apr 1,2014 16:34CST
price review forecast
Source:SMM
#0 zinc prices were between RMB 14,680-14,710/mt, with spot discounts between RMB 110-140/mt against SHFE 1406 zinc contract prices.

SHANGHAI, Apr. 1 (SMM) – #0 zinc prices were between RMB 14,680-14,710/mt, with spot discounts between RMB 110-140/mt against SHFE 1406 zinc contract prices. #1 zinc prices were around RMB 14,640/mt. SHFE 1406 zinc contract prices opened at RMB 14,820/mt on Tuesday, and then moved between RMB 14,805-14,825/mt. Traders lacked interest in transactions as zinc prices fluctuated in an narrow band, and smelters were unwilling to move goods, with some brands still in short supply. Downstream enterprises took a wait-and-see attitude due to cash flow problem, with transactions muted. Shuangyan branded #0 zinc prices were around RMB 14,700/mt, with RMB 14,690/mt for Qinxin, Jiulong and Feilong branded #0 zinc. Baohui branded #0 zinc prices were around RMB 14,680/mt.
 

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