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[Zn] CBI Morning Review - 2009/4/9 Zinc Market

iconApr 9, 2009 00:00

SHANGHAI, Apr. 9 (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. 8th      

1,370

-30

65,012

212,122

351,875

SHFE Market

 

Zinc – Spot Month (RMB/mt)

RMB/USD

SHFE Close

Settlement

Weighted Ave.

Mar. 16th

10,800

10,775

10,496

1:6.8349

Apr. 8th

12,000

12,165

11,505

1:6.8370

 

 

Zinc – 3mth (RMB/mt)

Shanghai Spot

0# Zinc Ingot

SHFE Close

Settlement

Weighted Ave.

Mar. 16th

10,710

10,675

10,309

10,825

Apr. 8th

11,845

11,965

11,309

12,200

Summary

Yesterday, Shanghai 0# zinc was traded at RMB 12,200/mt, 1# zinc was traded at RMB 12,100/mt, while imported zinc was traded at RMB 12,000/mt, the spot transactions were moderate, and the imported zinc supply remained ample. Guangdong 0# zinc was traded at RMB 12,000/mt, 1# zinc at RMB 11,950/mt, while the price of imported zinc was around RMB 11,900/mt, the market transactions were slim and the quotations were mixed in the market. As to futures market, LME zinc price fell the day before yesterday, and the SHFE zinc fell with fluctuations, with dominant contract closing at RMB 11,860/mt, down nearly 2.1%. SHFE zinc fell slightly due to the impact of falling SHFE copper, and the market was slim, but the zinc price will remain around RMB 12,000/mt.

 

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