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SMM Zinc Market Daily Review (2014-6-6)
Jun 9,2014 09:04CST
price review forecast
Source:SMM
SHFE 1408 zinc contract prices opened at RMB 15,195/mt last Thursday evening, then hovering around RMB 15,200/mt, and closing at RMB 15,190/mt, up RMB 20/mt or 0.13%.

SHANGHAI, Jun. 9 (SMM) – SHFE 1408 zinc contract prices opened at RMB 15,195/mt last Thursday evening, then hovering around RMB 15,200/mt, and closing at RMB 15,190/mt, up RMB 20/mt or 0.13%. Trading volumes decreased by 820 lots to 4,962 lots, and total positions increased by 782 lots to 74,580 lots. SHFE 1408 zinc contract prices fluctuated between RMB 15,180-15,200/mt on Friday, and closing at RMB 15,200/mt, up RMB 30/mt or 0.2%. Trading volumes decreased by over 3,000 lots, and total positions decreased by over 1,000 lots, to 73,000 lots.
 
#0 zinc prices were between RMB 15,170-15,190/mt, with spot discounts of RMB 0-20/mt against SHFE 1408 zinc contract prices. #1 zinc prices were between RMB 15,130-15,140/mt. SHFE zinc prices hovered around RMB 15,190/mt. smelters contributed limited goods to the market, and there will be large pants conducting maintenance in June, which gives support to zinc prices. Transactions remained largely unchanged as the low demand season is coming up and due to downstream caution given high zinc prices. Shuangyan and Yuguang branded #0 zinc supply was sufficient, with prices between RMB 15,180-15,190/mt and RMB 15,170-15,180/mt, respectively. Transactions for Qinxin, Jiulong and Feilong branded #0 zinc were rarely made. AZ and Belgian #0 zinc prices were between RMB 15,130-15,140/mt. SHFE 1408 zinc contract prices fluctuated narrowly in the afternoon, with #0 zinc prices between RMB 15,160-15,190/mt.
 

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