






SHANGHAI, May 7 (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 6th |
1,600 |
-24 |
57,007 |
222,394 |
324,125 |
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 6th |
12,950 |
12,910 |
12,809 |
1:6.8232 |
|
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 6th |
13,015 |
12,885 |
12,929 |
12,850 |
Summary
Yesterday, Shanghai 0# zinc was traded at RMB 12,850/mt, 1# zinc was traded at RMB 12,800/mt, and the price of imported zinc was RMB 12,750/mt, the transactions were weak in spot market, and the buying interest of downstream producers was low. Guangdong 0# zinc was traded at RMB 12,850/mt, 1# zinc and the imported zinc were traded at RMB 12,800/mt, transactions remained weak in spot market due to weary demand. As to futures market, LME zinc rose slightly, while SHFE zinc price moved upwardly, with the dominant contract soaring to RMB 13,090/mt. The spot market was quiet, and the market sentiment became low, so SHFE zinc will keep moving to wait for the clear direction.
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
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