






SHANGHAI, Apr. 14 (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. 13th |
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. 13th |
13,080 |
13,130 |
11,629 |
1:6.8332 |
|
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. 13th |
12,930 |
12,875 |
11,336 |
13,050 |
Summary
Yesterday, Shanghai 0# zinc was traded at RMB 13,050/mt, 1# zinc was traded at RMB 13,000/mt, and the price of imported zinc was RMB 12,950/mt, the spot transactions remained weak and the downstream producers were waiting for the right time for purchase. Guangdong 0# zinc was traded at RMB 12,950-13,000/mt, 1# zinc and imported zinc were traded at RMB 12,900/mt, the spot transactions were slim, and the downstream producers were cautious about the purchase. As to futures market, LME market was closed during April 10-13th, SHFE zinc maintained upward trend yesterday, and SHFE zinc 0907 contract rose by 3.2%. The volume of dominant contract increased significantly, but the position declined slightly. SHFE zinc is expected to meet downward pressure in the short term.
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