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Spot Zinc Price Movement (2014-4-14)
Apr 14,2014 17:23CST
price review forecast
Source:SMM
#0 zinc prices were between RMB 14,880-14,900/mt, with spot discounts between RMB 40-70/mt against SHFE 1406 zinc contract prices.

SHANGHAI, Apr. 14 (SMM) – #0 zinc prices were between RMB 14,880-14,900/mt, with spot discounts between RMB 40-70/mt against SHFE 1406 zinc contract prices. #1 zinc prices were around RMB 14,860/mt. SHFE 1406 zinc contract prices opened at RMB 14,950/mt on Monday, and then leveled out. Spot prices remained firm due to tight supply as some smelters conducted maintenance and since traders were holding back goods. Spot discounts narrowed by RMB 30/mt. Traders were actively moving goods, while downstream enterprises purchased on an as-needed basis, causing transactions to improve. Shuangyan branded #0 zinc prices were around RMB 14,900/mt, with RMB 14,880-14,890/mt for Yuguang, Qinxin and Baohui branded #0 zinc.
 

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