






SHANGHAI, Apr. 23 (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. 22nd |
1,450 |
-29 |
38,765 |
206,608 |
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. 22nd |
12,400 |
12,725 |
13,356 |
1:6.8306 |
|
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. 22nd |
12,370 |
12,625 |
13,346 |
12,700 |
Summary
Yesterday, Shanghai 0# zinc was traded at RMB 12,700/mt, 1# zinc was traded at RMB 12,650/mt, and the price of imported zinc was RMB 12,550-12,600/mt, the spot transactions were better than early this week, and the buyers keep taking 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 12,550/mt, the spot transactions were moderate. As to futures market, LME zinc price fell slightly the day before yesterday, SHFE zinc price continued to fall yesterday, with dominant contract closing at RMB 12,370/mt, and the position continued to decline. The large volumes of import depressed zinc price, leading to less and less market confidence.
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