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Spot Zinc Price Movement (2014-4-24)
Apr 24,2014 17:25CST
price review forecast
Source:SMM
#0 zinc prices were between RMB 15,140-15,170/mt, with spot premiums of RMB 0-30/mt against SHFE 1407 zinc contract prices.

SHANGHAI, Apr. 24 (SMM) – #0 zinc prices were between RMB 15,140-15,170/mt, with spot premiums of RMB 0-30/mt against SHFE 1407 zinc contract prices. #1 zinc prices were between RMB 15,120-15,130/mt. SHFE 1407 zinc contract prices hovered around RMB 15,130/mt during the first trading session on Thursday, with spot premiums expanding to RMB 30/mt. Shuangyan branded #0 zinc prices were around RMB 15,160/mt, with RMB 15,150/mt for Yuguang branded #0 zinc and RMB 15,140-15,150/mt for other regular brands. During the second trading session, SHFE zinc prices edged up to RMB 15160/mt, and spot transactions made at the low end of the price range decreased. But high spot premiums stimulated buying interest of downstream buyers and traders. Spot price gains were limited. Shuangyan branded #0 zinc was once quoted between RMB 15,170-15,180/mt, but mainstream prices were around RMB 15,160/mt. Prices for Jiulong, Qinxin and Yuguang were around RMB 15,150/mt. cargo holders were more actively moving goods, with some smelters and traders also selling goods. But downstream buying interest was low, leaving transactions muted. Prices for imported AZ branded zinc were between RMB 15,140-15,150/mt.
 

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