






SHANGHAI, May 4 (SMM) -- LME Market
|
Close
(USD/mt)
|
Premium/Discount
|
Volume
(lot)
|
Position
(lot)
|
Inventory
(mt)
|
3-mth Contract
|
Spot – 3 mth
|
||||
Mar. Average
|
2,303
|
-29
|
59,027
|
222,256
|
540,753
|
May 3rd
|
Closed
|
SHFE Market
|
Zinc – Spot Month (RMB/mt)
|
RMB/USD
|
||
SHFE Close
|
Settlement
|
Weighted Ave.
|
||
Apr. 15th
|
18,785
|
18,820
|
18,575
|
1:6.8260
|
Apr. 30th
|
18,000
|
17,940
|
18,464
|
1:6.8263
|
|
Zinc – 3mth (RMB/mt)
|
Shanghai Spot
#0 Zinc Ingot
|
||
SHFE Close
|
Settlement
|
Weighted Ave.
|
||
Apr. 15th
|
19,225
|
19,280
|
18,677
|
18,600
|
Apr. 30th
|
18,365
|
18,325
|
18,963
|
17,840
|
Summary
LME market was closed on Monday, but the previous LME market performance was pessimistic, with LME copper and zinc prices falling below all moving averages. Technical indicators show LME metals prices will fluctuate lower in the short term. SHFE zinc prices will move at low levels today after opening, and SHFE three-month zinc contract prices will fluctuate narrowly above RMB 18,000/mt, and spot transactions will become the major driving force for zinc prices.
To contact the writer on this report: monicagao@smm.cn
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