






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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