Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
Price CenterDatabaseProReportsEventsCar Insight
SMM Morning Review – 2010/5/11 Zinc Market
SHANGHAI, May 11 (SMM) -- LME Market
|
|
Close
(USD/mt)
|
Premium/Discount
|
Volume
(lot)
|
Position
(lot)
|
Inventory
(mt)
|
|
3-mth Contract
|
Spot – 3 mth
|
||||
|
Apr. Average
|
2,404
|
-33
|
68,089
|
238,375
|
545,240
|
|
May 10th
|
2,135
|
-32
|
81,754
|
244,749
|
571,250
|
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
|
|
May 10th
|
16,635
|
16,510
|
18,104
|
1:6.8269
|
|
|
Zinc – 3mth (RMB/mt)
|
Shanghai Spot
#0 Zinc Ingot
|
||
|
SHFE Close
|
Settlement
|
Weighted Ave.
|
||
|
Apr. 15th
|
19,225
|
19,280
|
18,677
|
18,600
|
|
May 10th
|
16,980
|
16,820
|
18,796
|
16,450
|
Summary
The euro rebounded against the US dollar last night driven by a EUR 750 billion emergency aid package aimed at resolving the Greek debt crisis, and Dow Jones Industrial Average, Nasdaq Composite Index, and Standard & Poor's 500 Index all increased by over 3% in response. LME three-month zinc contract prices closed at USD 2,135/mt, up 1.9%, with prices finally moving above the 5-day moving average. SMM predicts SHFE three-month zinc contract prices will climb to the 5-day moving average today, but China's National Bureau of Statistics will release macro economic data for April this morning, and market players predicted previously that China's GDP in April would reach the highest growth in 2010, so the pressure still exists regarding China's tightening of monetary policy.
To contact the writer on this report: monicagao@smm.cn
Copyright © SMM. All Rights Reserved
None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
For queries, please contact Lemon Zhao at lemonzhao@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
SMM Events & Webinars
All- Sep26
2025 ASIA BATTERY MATERIAL COOPERATION SALON
Sep 26 - 26,2025Time：9.26 2025 Place：Seoul， South KoreaSeoul， South Korea
- Oct14
SMM LME Metals Seminar 2025
Oct 14 - 14,2025Emmanuel Centre，London , the United Kingdom
- Oct16
AICE 2025 SMM (14th) Aluminum Industry Annual Conference
Oct 16 - 17,2025Zhengzhou, Henan Province
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday Pricing Schedule
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2025 SMM Information & Technology Co., Ltd. All rights reserved.
