






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.
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