






SHANGHAI, May 14 (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 13th |
1,475 |
-31 |
45,148 |
225,384 |
322,025 |
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 13th |
12,750 |
12,770 |
12,816 |
1:6.8235 |
|
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 13th |
12,805 |
12,760 |
12,928 |
12,750 |
Summary
Yesterday, Shanghai 0# zinc was traded at RMB 12,750/mt, 1# zinc and imported zinc were traded at RMB 12,650/mt, the inquiries from downstream producers increased, but the transactions failed to improve, since the wait-and-see sentiment still dominated the market. Guangdong 0# zinc was traded at RMB 12,700/mt, 1# zinc and imported zinc were traded at RMB 12,650/mt, the transactions were moderate in spot market, and the downstream producers purchased based on production needs. As to futures market, SHFE zinc trading volumes shrank, and the total position continued to decline. Currently, SHFE zinc price fluctuated after declines, and any rebound room for the price will be limited if the position records no improvement.
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