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[Zn] CBI Morning Review - 2009/5/19 Zinc Market

iconMay 19, 2009 00:00

SHANGHAI, May 19 (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 18th

1,520

-30

47,888

230,506

320,675

SHFE Market

 

Zinc – Spot Month (RMB/mt)

RMB/USD

SHFE Close

Settlement

Weighted Ave.

May 15th

12,550

12,525

12,807

1:6.8247

May 18th  

12,570

12,495

12,496

1:6.8267

 

 

Zinc – 3mth (RMB/mt)

Shanghai Spot

0# Zinc Ingot

SHFE Close

Settlement

Weighted Ave.

May 15th

12,430

12,400

12,927

12,500

May 18th  

12,730

12605

12,608

12,575

Summary

Last Friday, Shanghai 0# zinc was traded at RMB 12,550-12,600/mt, 1# zinc and imported zinc were traded at RMB 12,500/mt, the transactions improved slightly in spot market, with ample spot supply. Guangdong 0# zinc was traded at RMB 12,550/mt, 1# zinc was traded at RMB 12,450/mt and the imported zinc was traded at RMB 12,400-12,500/mt, the spot transactions were moderate. As to futures market, SHFE zinc performed strong yesterday, with SHFE three-month contract zinc price closing at RMB 12,730/mt. The position increased by 17,804 lots, and the SHFE zinc price will continue to move around RMB 13,000/mt.

 

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