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[Zn] CBI Morning Review - 2009/4/27 Zinc Market

iconApr 27, 2009 00:00

SHANGHAI, Apr. 27 (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. 24th

1,415

-28

34,338

208,203

340,500

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. 24th  

12,125

12,210

13,120

1:6.8273

 

 

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. 24th  

12,110

12,235

13,098

12,325

Summary

On Friday, Shanghai 0# zinc was traded at RMB 12,300-12,350/mt, 1# zinc was traded at RMB 12,250-12,300/mt, and the price of imported zinc was RMB 12,150-12,200/mt, the spot transactions were moderate, and the downstream producers purchased goods modestly. Guangdong 0# zinc was traded at RMB 12,300/mt, 1# zinc was traded at RMB 12,250/mt and the imported zinc was traded at RMB 12,200-12,250/mt, the spot transactions improved, and the spot transactions recovered in low-priced lead market. As to futures market, on Friday SHFE zinc moved downwardly and closed at RMB 12,110/mt, down 2%. SHFE zinc performed weak, and will face adjustments in the short term.

 

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