Spot Zinc Price Movement (2014-1-2)

  • Friday, January 3, 2014
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  • Keywords:Zinc Price
[Fellow]#0 zinc prices were between RMB 15,160-15,190/mt,
#0 zinc prices were between RMB 15,160-15,190/mt, with spot discounts of RMB 60-100/mt against SHFE 1403 zinc contract prices. #1 zinc prices were between RMB 15,090-15,100/mt. SHFE 1403 zinc contract prices opened lower at RMB 15,190/mt, then edged up, pushing up spot zinc prices. Shuangyan branded #0 zinc prices were around RMB 15,160/mt, and Jiulong and Qinxin branded #0 zinc prices were around RMB 15,140/mt. SHFE 1403 zinc contract prices climbed to RMB 15,250/mt during the second session, with Shuangyan branded #0 zinc prices up to RMB 15,180-15,190/mt, RMB 15,160/mt for Jiulong and Qinxin branded #0 zinc prices and RMB 15,150/mt for Baohui branded #0 zinc. Traders returned to the market due to sufficient cash flows early in the month, and downstream buying interest also increased, causing transactions to improve.
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