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[Zn] CBI Morning Review - 2009/4/10 Zinc Market

iconApr 10, 2009 00:00

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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