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Spot Zinc Price Movement (2014-4-11)
Apr 11,2014 17:22CST
price review forecast
Source:SMM
#0 zinc prices were between RMB 14,860-14,880/mt, with spot discounts between RMB 80-100/mt against SHFE 1406 zinc contract prices.

SHANGHAI, Apr. 11 (SMM) – #0 zinc prices were between RMB 14,860-14,880/mt, with spot discounts between RMB 80-100/mt against SHFE 1406 zinc contract prices. #1 zinc prices were between RMB 14,830-14,840/mt. SHFE 1406 zinc contract prices opened at RMB 14,960/mt on Friday, and then leveled out. Some smelters conducted maintenance, while traders were holding back goods, causing supply tightness and keeping spot prices firm. Spot discounts narrowed by RMB 10-20/mt. Transactions improved as downstream enterprises replenished stocks at the week’s end. Shuangyan branded #0 zinc prices were between RMB 14,870-14,880/mt, with RMB 14,860-14,870/mt for Yuguang, Qinxin, Jiulong and Baohui branded #0 zinc.
 

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