






SHANGHAI, May 12 (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 11th |
1,540 |
-28 |
35,286 |
223,868 |
324,425 |
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 11th |
12,510 |
12,725 |
12,827 |
1:6.8220 |
|
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 11th |
12,500 |
12,610 |
12,929 |
12,725 |
Summary
Yesterday, Shanghai 0# zinc was traded at RMB 12,700-12,750/mt, 1# zinc and imported zinc were traded at RMB 12,600-12,650/mt, the transactions were weak, and the overall spot market remained sluggish. Guangdong 0# zinc was traded at RMB 12,700/mt, 1# zinc was traded at RMB 12,650-12,700/mt, and the imported zinc were traded at RMB 12,600/mt, the spot transactions recorded no improvements, and the market remained weak. As to futures market, the price range for LME zinc dipped, while SHFE zinc price moved smoothly yesterday, but experienced declines in the afternoon due to the downward pressure from short investors, with the dominant contract down 4% in closing trading. Weak domestic demand will further weigh on zinc price.
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