






SHANGHAI, Apr. 3 (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. 2nd |
1,327.5 |
-30 |
44,808 |
206,646 |
348,675 |
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. 2nd |
RMB 11,870 |
RMB 11,800 |
RMB 11,343 |
1:6.8341 |
|
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. 2nd |
RMB 11,770 |
RMB 11,695 |
RMB 11,287 |
RMB 11,800 |
Summary
Yesterday, Shanghai 0# zinc was traded at RMB 11,800/mt, 1# zinc was traded at RMB 11,700/mt, and the price of imported zinc was RMB 11,600/mt, the spot transactions remained weak and the wait-and-see sentiment dominated the market. 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 11,700/mt, the spot market transactions were neutral. As to futures market, LME zinc moved around the day before yesterday, SHFE zinc fluctuated as well yesterday, and SHFE zinc price rose rapidly at noon, with the dominate position up 7,166 lots. The market insiders were cautious about the outcome of G20 summit.
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