Home / Metal News / [Zn] CBI Morning Review - 2009/4/17 Zinc Market

[Zn] CBI Morning Review - 2009/4/17 Zinc Market

iconApr 17, 2009 00:00

SHANGHAI, Apr. 17 (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. 16th

1,510

-31.5

55,281

205,404

348,025

SHFE Market

 

Zinc – Spot Month (RMB/mt)

RMB/USD

SHFE Close

Settlement

Weighted Ave.

Apr. 15th

13,000

13,070

11,733

1:6.8293

Apr. 16th

13,735

13,690

13,691

1:6.8301

 

 

Zinc – 3mth (RMB/mt)

Shanghai Spot

0# Zinc Ingot

SHFE Close

Settlement

Weighted Ave.

Apr. 15th

13,085

13,070

11,358

13,250

Apr. 16th

13,730

13,655

13,659

13,600

Summary

Yesterday, Shanghai 0# zinc was traded at RMB 13,600/mt, 1# zinc was traded at RMB 13,500/mt, and the price of imported zinc was RMB 13,400-13,450/mt, the spot market remained slim, and the downstream producers were cautious on the purchase in view of higher price. Guangdong 0# zinc was traded at RMB 13,600/mt, 1# zinc were traded at RMB 13,550/mt, while imported zinc were traded at RMB 13,550/mt. The transactions were general in spot market, and the market remained quiet. As to futures market, LME zinc price soared the day before yesterday, and SHFE zinc price remained on strong trend yesterday, with some contracts prices hitting the increasing limit at noon. The dominant position increased by 6,186 lots to 276,000 lots. The zinc price will remain strong in the short term.

 

Copyright ? 2009, CBI (Shanghai) Co., Ltd. All Rights Reserved.

None of this material may be used for any commercial or public use in any form or means, without the prior written consent of CBI China. For reproduction issue, please contact us by email: metalresearch@cbichina.com or tel:86-21-51550040

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn