






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.
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