






SHANGHAI, Apr. 2 (CBI China) -- LME Market
|
Close (USD/mt) |
Premium/Discount |
Volume (lot) |
Position (lot) |
Inventory (mt) |
3-mth Contract |
Spot – 3 mth | ||||
Mar. Average |
1,251 |
-28 |
54,088 |
207,023 |
347,170 |
Apr. 1st |
1,320 |
-30 |
39,646 |
205,323 |
344,450 |
SHFE Market
|
Zinc – Spot Month |
RMB/USD | ||
SHFE Close |
Settlement |
Weighted Ave. | ||
Mar. 16th |
RMB 10,800 |
RMB 10,775 |
RMB 10,496 |
1:6.8349 |
Apr. 1st |
RMB 11,780 |
RMB 11,800 |
RMB 11,332 |
1:6.8349 |
|
Zinc – 3mth |
Shanghai Spot 0# Zinc Ingot | ||
SHFE Close |
Settlement |
Weighted Ave. | ||
Mar. 16th |
RMB 10,710 |
RMB 10,675 |
RMB 10,309 |
RMB 10,825 |
Apr. 1st |
RMB 11,615 |
RMB 11,690 |
RMB 11,280 |
RMB 11,825 |
Summary
Yesterday, Shanghai 0# zinc was traded at RMB 11,800-11,850/mt, 1# zinc was traded at RMB 11,750/mt, and the price of imported zinc was RMB 11,630-11,680/mt, the spot transactions remained weak. Guangdong 0# zinc was traded at RMB 11,800/mt, 1# zinc at RMB 11,750/mt, while the price of imported zinc was around RMB 11,650-11,700/mt, the downstream producers were cautious about purchase, and the overall transactions were slim. As to futures market, LME zinc rose the day before yesterday, SHFE zinc move narrowly yesterday, and then fell at noon following SHFE copper trend, with dominant position up 4,858 lots. SHFE zinc is expected to move above RMB 11,500/mt in the short term.
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