






SHANGHAI, May 6 (CBI China) -- LME Market
|
Close (USD/mt) |
Premium/Discount |
Volume (lot) |
Position (lot) |
Inventory (mt) |
3-mth Contract |
Spot – 3 mth | ||||
Apr. Average |
1,412 |
-31 |
52,985 |
208,638 |
344,765 |
May 5th |
1,515 |
-28 |
62,595 |
215,625 |
328,425 |
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 |
May 5th |
12,745 |
12,850 |
12,805 |
1:6.8201 |
|
Zinc – 3mth (RMB/mt) |
Shanghai Spot 0# Zinc Ingot | ||
SHFE Close |
Settlement |
Weighted Ave. | ||
Apr. 15th |
13,085 |
13,070 |
11,358 |
13,250 |
May 5th |
12,680 |
12,860 |
12,929 |
12,900 |
Summary
Yesterday, Shanghai 0# zinc was traded at RMB 12,900/mt, 1# zinc was traded at RMB 12,850/mt, and the price of imported zinc was RMB 12,800/mt, soft trend of SHFE zinc depressed the market sentiment, and the transactions saw no improvements. Guangdong 0# zinc was traded at RMB 12,850/mt, 1# zinc and the imported zinc were traded at RMB 12,800/mt, transactions were weak in spot market, and the wait-and-see attitude dominated the market. As to futures market, SHFE zinc moved downwardly yesterday, with dominant contract closing at RMB 12,750/mt, down 3%, and the position dipped by 16,192 lots. SHFE zinc price is expected to move widely around RMB 12,500/mt.
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