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[Zn] CBI Morning Review - 2009/4/16 Zinc Market

iconApr 16, 2009 00:00

SHANGHAI, Apr. 16 (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. 15th

1,515

-35

60,362

207,441

349,125

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. 15th

13,000

13,070

11,733

1:6.8293

 

 

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. 15th

13,085

13,070

11,358

13,250

Summary

Yesterday, Shanghai 0# zinc was traded at RMB 13,200-13,300/mt, 1# zinc was traded at RMB 13,150/mt, and the price of imported zinc was RMB 13,050-13,100/mt, the market sentiment was relatively active, and the inquiries increased. Guangdong 0# zinc was traded at RMB 13,100/mt, 1# zinc were traded at RMB 13,050/mt, while imported zinc were traded in the RMB 12,950-13,000/mt range. The spot transactions were slim, and the trading sentiment was slim at noon. As to futures market, LME zinc closed at rise the day before yesterday, SHFE zinc price fell after surged negatively affected by the approaching delivery date and is expected to test the pressure level of RMB 13,000/mt.

 

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