






SHANGHAI, Apr. 13 (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. 10th |
Close |
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. 10th |
12,800 |
12,575 |
11,516 |
1:6.8347 |
|
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. 10th |
12,660 |
12,500 |
11,323 |
12,500 |
Summary
On Friday, Shanghai 0# zinc was traded at RMB 12,500/mt, 1# zinc was traded at RMB 12,450/mt, and the price of imported zinc was RMB 12,400/mt, the spot transactions remained weak and the downstream producers purchased based on production needs. Guangdong 0# zinc was traded at RMB 12,450-12,500/mt, 1# zinc and imported zinc were traded at RMB 12,400/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.
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