[Zn] CBI Morning Review - 2009/5/19 Zinc Market-Shanghai Metals Market

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[Zn] CBI Morning Review - 2009/5/19 Zinc Market

SMM Insight 01:16:23PM Dec 07, 2009 Source:SMM

SHANGHAI, May 19 (CBI China) -- LME Market 

 

Close

(USD/mt)

Premium/Discount

Volume

(lot)

Position

(lot)

Inventory

(mt)

3-mth Contract

Spot – 3 mth

Apr. Average

1,412

-31

52,985

208,638

344,765

May 18th

1,520

-30

47,888

230,506

320,675

SHFE Market

 

Zinc – Spot Month (RMB/mt)

RMB/USD

SHFE Close

Settlement

Weighted Ave.

May 15th

12,550

12,525

12,807

1:6.8247

May 18th  

12,570

12,495

12,496

1:6.8267

 

 

Zinc – 3mth (RMB/mt)

Shanghai Spot

0# Zinc Ingot

SHFE Close

Settlement

Weighted Ave.

May 15th

12,430

12,400

12,927

12,500

May 18th  

12,730

12605

12,608

12,575

Summary

Last Friday, Shanghai 0# zinc was traded at RMB 12,550-12,600/mt, 1# zinc and imported zinc were traded at RMB 12,500/mt, the transactions improved slightly in spot market, with ample spot supply. Guangdong 0# zinc was traded at RMB 12,550/mt, 1# zinc was traded at RMB 12,450/mt and the imported zinc was traded at RMB 12,400-12,500/mt, the spot transactions were moderate. As to futures market, SHFE zinc performed strong yesterday, with SHFE three-month contract zinc price closing at RMB 12,730/mt. The position increased by 17,804 lots, and the SHFE zinc price will continue to move around RMB 13,000/mt.

 

Copyright © 2009, CBI (Shanghai) Co., Ltd. All Rights Reserved.

None of this material may be used for any commercial or public use in any form or means, without the prior written consent of CBI China. For reproduction issue, please contact us by email: metalresearch@cbichina.com or tel:86-21-51550040


 

[Zn] CBI Morning Review - 2009/5/19 Zinc Market

SMM Insight 01:16:23PM Dec 07, 2009 Source:SMM

SHANGHAI, May 19 (CBI China) -- LME Market 

 

Close

(USD/mt)

Premium/Discount

Volume

(lot)

Position

(lot)

Inventory

(mt)

3-mth Contract

Spot – 3 mth

Apr. Average

1,412

-31

52,985

208,638

344,765

May 18th

1,520

-30

47,888

230,506

320,675

SHFE Market

 

Zinc – Spot Month (RMB/mt)

RMB/USD

SHFE Close

Settlement

Weighted Ave.

May 15th

12,550

12,525

12,807

1:6.8247

May 18th  

12,570

12,495

12,496

1:6.8267

 

 

Zinc – 3mth (RMB/mt)

Shanghai Spot

0# Zinc Ingot

SHFE Close

Settlement

Weighted Ave.

May 15th

12,430

12,400

12,927

12,500

May 18th  

12,730

12605

12,608

12,575

Summary

Last Friday, Shanghai 0# zinc was traded at RMB 12,550-12,600/mt, 1# zinc and imported zinc were traded at RMB 12,500/mt, the transactions improved slightly in spot market, with ample spot supply. Guangdong 0# zinc was traded at RMB 12,550/mt, 1# zinc was traded at RMB 12,450/mt and the imported zinc was traded at RMB 12,400-12,500/mt, the spot transactions were moderate. As to futures market, SHFE zinc performed strong yesterday, with SHFE three-month contract zinc price closing at RMB 12,730/mt. The position increased by 17,804 lots, and the SHFE zinc price will continue to move around RMB 13,000/mt.

 

Copyright © 2009, CBI (Shanghai) Co., Ltd. All Rights Reserved.

None of this material may be used for any commercial or public use in any form or means, without the prior written consent of CBI China. For reproduction issue, please contact us by email: metalresearch@cbichina.com or tel:86-21-51550040