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[Zn] CBI Morning Review - 2009/4/13 Zinc Market

iconApr 13, 2009 00:00

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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