






SHANGHAI, Apr. 21 (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. 20th |
1,475 |
-29.5 |
51,114 |
207,492 |
345,400 |
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. 20th |
13,450 |
13,580 |
13,671 |
1:6.8329 |
|
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. 20th |
13,380 |
13,540 |
13,640 |
13,550 |
Summary
Yesterday, Shanghai 0# zinc was traded at RMB 13,550/mt, 1# zinc was traded at RMB 13,500/mt, and the price of imported zinc was RMB 13,400/mt, the market transactions were weak, and the spot supply increased. Guangdong 0# zinc was traded at RMB 13,500/mt, 1# zinc was traded at RMB 13,450/mt and the imported zinc was traded at RMB 13,400-13,450/mt, the spot transactions were modest, and the downstream producers were cautious about the purchase. As to futures market, LME zinc price rose in closing trading the day before yesterday, SHFE zinc price moved downward due to the withdrawal of long investors after profit-taking, with dominant contract closing down 1.5%, the position declined by 17,056 lots. Zinc price is expected to move downward slowly.
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
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