Zinc Ingot Market Report H1 2013

Zinc prices kept decreasing in the first half of 2013.Asian Metal Copyright In the second quarter, the US dollar index surged to a very high level, which gave pressure on the metal market, and zinc price kept fluctuating at the low level.Asian Metal Copyright In January, the US Congress reached an agreement on the debt ceiling, and zinc price was pushed up. SHG zinc ingot touched the highest level of RMB15,650-15,750/t (USD2,532-2,549/t) in H1.Asian Metal Copyright However, the price began to move down continuously from February.Asian Metal Copyright However, the price began to move down continuously from February.Asian Metal Copyright In January, the US Congress reached an agreement on the debt ceiling, and zinc price was pushed up.Asian Metal Copyright Since the Spring Festival holiday was coming, trading slowed down obviously.Asian Metal Copyright Since the Spring Festival holiday was coming, trading slowed down obviously.Asian Metal Copyright Most zinc smelters held enough materials stocks, so they could maintain the normal production and sales.Asian Metal Copyright In January, the US Congress reached an agreement on the debt ceiling, and zinc price was pushed up.Asian Metal Copyright However, the consumers has little interest of building too much zinc ingot inventory, and many galvanized and zinc alloy plants stopped or reduced production gradually in January and February.Asian Metal Copyright After the holiday, zinc ingot prices decreased quickly and touched the lowest level over the past one year.Asian Metal Copyright After the holiday, zinc ingot prices decreased quickly and touched the lowest level over the past one year.Asian Metal CopyrightZinc prices kept decreasing in the first half of 2013.Asian Metal Copyright In the second quarter, the US dollar index surged to a very high level, which gave pressure on the metal market, and zinc price kept fluctuating at the low level. SHG zinc ingot decreased to RMB1,4300-14,400/t (USD2,314-2,330/t), which was the record low in the first half of 2013.Asian Metal Copyright After the holiday, zinc ingot prices decreased quickly and touched the lowest level over the past one year.Asian Metal Copyright