






SHANGHAI, Apr. 7 (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. 6th |
1,360 |
-32.5 |
57,972 |
207,949 |
350,125 |
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. 3rd |
RMB 11,950 |
RMB 11,890 |
RMB 11,352 |
1:6.8320 |
|
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. 3rd |
RMB 11,735 |
RMB 11,740 |
RMB 11,291 |
RMB 11,850 |
Summary
On April 3rd, Shanghai 0# zinc was traded at RMB 11,850/mt, and the higher offers were limited, 1# zinc was traded at RMB 11,750/mt, and the price of imported zinc was RMB 11,700/mt, the spot transactions remained weak. Guangdong 0# zinc was traded at RMB 11,850-11,900/mt, 1# zinc at RMB 11,800/mt, while the price of imported zinc was around RMB 11,750-11,800/mt, the spot transactions were slim. As to futures market, SHFE zinc surged in early trading on Friday, then fell slightly in closing trading, with position down 5,150 lots. The capital injection plan proposed on G20 summit left positive impact on metals markets, but the zinc price rose with downward pressure.
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
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