






SHANGHAI, Apr. 15 (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. 14th |
1,435 |
-36 |
77,244 |
212,506 |
351,500 |
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. 14th |
12,890 |
13,000 |
11,663 |
1:6.8296 |
|
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. 14th |
12,745 |
12,735 |
11,346 |
13,000 |
Summary
Yesterday, Shanghai 0# zinc was traded at RMB 12,900-13,100/mt, and obvious differences appeared in zinc price of different brands. 1# zinc was traded at RMB 12,800/mt, and the price of imported zinc was RMB 12,700/mt, the inquiries improved, while the actual transactions were moderate. Guangdong 0# zinc was traded at RMB 12,800/mt, 1# zinc and imported zinc were traded at RMB 12,750/mt, the spot transactions were slim and improved slightly at noon. As to futures market, overnight LME market was closed, SHFE zinc price improved following the trend of SHFE copper yesterday, and SHFE zinc 0907 contract fell by 0.9% in closing trading. Dominant position declined by 3,204 lots. Zinc price will meet downward pressure amid competition between short investors and long investors in the market.
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