Home / Metal News / [Zn] CBI Morning Review - 2009/4/30 Zinc Market

[Zn] CBI Morning Review - 2009/4/30 Zinc Market

iconApr 30, 2009 00:00

SHANGHAI, Apr. 30 (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. 29th

1,410

-27.5

49,608

208,969

333,275

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. 29th 

12,220

12,070

12,831

1:6.8265

 

 

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 

12,235

12,035

12,939

12,050

Summary

Yesterday, Shanghai 0# zinc was traded at RMB 12,050/mt, 1# zinc was traded at RMB 11,950/mt, and the price of imported zinc was RMB 11,800-11,850/mt, the spot transactions remained weak, and the wait-and-see attitude prevailed among the downstream producers. 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 spot transactions were slim, and no obvious stock replenishments appeared before Labor Day. As to futures market, LME zinc price slipped slightly, while SHFE zinc opened at high yesterday, and then rose to RMB 12,200/mt at noon affected by soft US index. Different views appeared in the market before the holiday.

 

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

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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