






SHANGHAI, Apr. 20 (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. 17th |
1,550 |
-29.5 |
54,788 |
207,201 |
347,200 |
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. 17th |
13,650 |
13,700 |
13,697 |
1:6.8311 |
|
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. 17th |
13,585 |
13,695 |
13,684 |
13,650 |
Summary
On Friday, Shanghai 0# zinc was traded at RMB 13,650/mt, 1# zinc was traded at RMB 13,600/mt, and the price of imported zinc was RMB 13,500/mt, the spot transactions were worse than yesterday, and the quotations for imported zinc were mixed, so most of downstream producers took wait-and-see attitude. Guangdong 0# zinc was traded at RMB 13,650/mt, 1# zinc was traded at RMB 13,600/mt and the imported zinc was traded at RMB 13,550/mt, the spot transactions were slim and the downstream producers hoped the price to fall back again. As to futures market, on Friday, overnight LME zinc fluctuate, while SHFE zinc price fluctuated downwardly, and experienced a round of falling at noon, and down 1% in closing trading. The dominant position increased by 6,526 lots, and the long investors increased their position, so zinc price is expected to have upward momentum in the short term.
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