Spot Zinc Price Movement (2014-4-21)

SHANGHAI, Apr. 21 (SMM) – #0 zinc prices were between RMB 15,030-15,060/mt, with spot discounts of RMB 10-30/mt against SHFE 1407 zinc contract prices. #1 zinc prices were around RMB 15,020/mt. SHFE 1407 zinc contract prices opened at RMB 15,060/mt on Monday, and then leveled out. Traders were actively purchasing goods due to tight supply, while some others took a wait-and-see attitude. Shuangyan branded #0 zinc prices were between RMB 15,040-15,050/mt, with RMB 15,030/mt for regular brands. During the second trading session, SHFE 1407 zinc contract prices rose slightly, pushing up spot prices. Shuangyan branded #0 zinc prices once climbed to RMB 15,070/mt at the end of trading, with transactions muted. With rising zinc prices, traders were actively selling goods, while downstream buying interest was depressed. Shuangyan branded #0 zinc prices were between RMB 15,040-15,060/mt, with RMB 15,030-15,050/mt for Feilong, Qinxin, Yuguang, Jiulong and SMC branded #0 zinc.