






SHANGHAI, Apr. 22 (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. 21st |
1,470 |
-30.5 |
46,506 |
206,660 |
343,175 |
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. 21st |
12,900 |
12,920 |
13,620 |
1:6.8342 |
|
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. 21st |
12,860 |
12,885 |
13,620 |
12,800 |
Summary
Yesterday, Shanghai 0# zinc was traded at RMB 12,800/mt, 1# zinc was traded at RMB 12,700/mt, and the price of imported zinc was RMB 12,650/mt, the spot transactions were weak, and the downstream producers adopted wait-and-see attitude. Guangdong 0# zinc was traded at RMB 12,650/mt, 1# zinc was traded at RMB 12,600/mt and the imported zinc was traded at RMB 12,500-12,550/mt, the spot transactions were slim, and the downstream producers were cautious about the purchase. As to futures market, LME zinc price moved in the low level, SHFE zinc opened at low and then fell to the declining limit, with the dominant contract closing at RMB 12,540/mt, both trade volume and position declined. LME zinc will continue to move in the near future.
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