SHANGHAI, Apr. 21 (CBI China) -- LME Market

	Close (USD/mt)	Premium/Discount	Volume (lot)	Position (lot)	Inventory (mt)
	3-mth Contract	Spot – 3 mth	Volume (lot)	Position (lot)	Inventory (mt)
Mar. Average	1,251	-28	54,088	207,023	347,170
Apr. 20^th	1,475	-29.5	51,114	207,492	345,400

SHFE Market

	Zinc – Spot Month (RMB/mt)			RMB/USD
	SHFE Close	Settlement	Weighted Ave.	RMB/USD
Apr. 15^th	13,000	13,070	11,733	1:6.8293
Apr. 20^th	13,450	13,580	13,671	1:6.8329

	Zinc – 3mth (RMB/mt)			Shanghai Spot 0# Zinc Ingot
	SHFE Close	Settlement	Weighted Ave.	Shanghai Spot 0# Zinc Ingot
Apr. 15^th	13,085	13,070	11,358	13,250
Apr. 20^th	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.

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