






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.
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