






SHANGHAI, May 18 (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 15th |
1,485 |
-30 |
38,800 |
229,395 |
323,825 |
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 15th |
12,550 |
12,525 |
12,807 |
1:6.8247 |
|
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 15th |
12,430 |
12,400 |
12,927 |
12,500 |
Summary
Last Friday, Shanghai 0# zinc was traded at RMB 12,550/mt, 1# zinc was traded at RMB 12,500/mt, and the price of imported zinc was RMB 12,430-12,480/mt, the transactions improved in spot market. Guangdong 0# zinc was traded at RMB 12,500/mt, 1# zinc was traded at RMB 12,400/mt and the imported zinc was traded at RMB 12,300-12,350/mt, the transactions were slim in spot market, and the downstream producers purchased in limited volumes. As to futures market, SHFE spot month contract zinc price showed a weak performance during the last trading day last Friday, but rose to RMB 12,600/mt in the closing trading due to the support of buyers. SHFE zinc price is expected to fluctuate in the short term.
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