SHANGHAI, May 11 (CBI China) -- LME Market

	Close (USD/mt)	Premium/Discount	Volume (lot)	Position (lot)	Inventory (mt)
	3-mth Contract	Spot – 3 mth	Volume (lot)	Position (lot)	Inventory (mt)
Apr. Average	1,412	-31	52,985	208,638	344,765
May 8^th	1,575	-24	54,011	223,814	325,900

SHFE Market

	Zinc – Spot Month (RMB/mt)			RMB/USD
	SHFE Close	Settlement	Weighted Ave.	RMB/USD
Apr. 15^th	13,000	13,070	11,733	1:6.8293
May 8^th	13,160	12,960	12,831	1:6.8221

	Zinc – 3mth (RMB/mt)			Shanghai Spot 0# Zinc Ingot
	SHFE Close	Settlement	Weighted Ave.	Shanghai Spot 0# Zinc Ingot
Apr. 15^th	13,085	13,070	11,358	13,250
May 8^th	13,170	13,020	12,931	12,825

Summary

Last Friday, Shanghai 0# zinc was traded at RMB 12,800-12,850/mt, 1# zinc was traded at RMB 12,750/mt, and the price of imported zinc was RMB 12,730-12,750/mt, the transactions were limited in spot market, and the downstream producers still adopted a cautious attitude toward purchases. Guangdong 0# zinc was traded at RMB 12,850-12,900/mt, 1# zinc and the imported zinc were traded at RMB 12,750/mt, the spot market remained weak over this week, and the wait-and-see attitude dominated the market. As to futures market, LME zinc price fell slightly, while SHFE zinc price fluctuated at low levels last Friday, and then picked up following the SHFE copper price trend, with both the volumes and positions of dominant contracts down slightly.

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