






SHANGHAI, Apr. 29 (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. 28th |
1,340 |
-29 |
46,932 |
207,809 |
334,775 |
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. 28th |
12,050 |
11,990 |
13,032 |
1:6.8274 |
|
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. 29th |
11,915 |
11,905 |
12,965 |
12,075 |
Summary
Yesterday, Shanghai 0# zinc was traded at RMB 12,050-12,100/mt, 1# zinc was traded at RMB 11,950-12,000/mt, and the price of imported zinc was RMB 11,800/mt, the spot transactions were weak and the downstream producers were hesitant in purchase. Guangdong 0# zinc was traded at RMB 12,050/mt, 1# zinc was traded at RMB 11,950/mt and the imported zinc was traded at RMB 11,900/mt, the inquiries improved, but the purchase volumes were limited. As to futures market, LME zinc price dipped sharply, while SHFE zinc price rebounded, and outperformed SHFE copper and aluminum. SHFE three-month contract zinc trading volumes increased, and the position declined by 4,538 lots, and zinc price will fluctuate mildly in the short term.
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