






SHANGHAI, Apr. 10 (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. 9th |
1,390 |
-31 |
60,033 |
216,210 |
350,425 |
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. 9th |
12,330 |
12,255 |
11,515 |
1:6.8358 |
|
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. 9th |
12,170 |
12,085 |
11,313 |
12,250 |
Summary
Yesterday, Shanghai 0# zinc was traded at RMB 12,200-12,300/mt, 1# zinc at RMB 12,100/mt, while imported zinc was traded at RMB 12,000/mt, the spot transactions were moderate, and the market quotations were mixed. Guangdong 0# zinc was traded at RMB 12,200/mt, 1# zinc at RMB 12,150/mt, while the price of imported zinc was around RMB 12,100/mt, the spot transactions were moderate, and the buyers were cautious about the purchase. As to futures market, LME zinc price rose the day before yesterday, SHFE zinc fluctuated widely yesterday. SHFE zinc has plunged in the trading, but then remained on upward trend. Currently, SHFE zinc price remained above RMB 12,000/mt, with thin possibility to fall in the near future.
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