






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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