






SHANGHAI, May 21 (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 20th |
1,500 |
-31 |
35,801 |
222,425 |
318,350 |
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 20th |
12,750 |
12,840 |
12,704 |
1:6.8251 |
|
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 20th |
12,815 |
12,955 |
12,845 |
12,850 |
Summary
Yesterday, Shanghai 0# zinc was traded at RMB 12,800-12,900/mt, 1# zinc was traded at RMB 12,700-12,750/mt and imported zinc was traded at RMB 12,750/mt, the transactions became weak and the discount for spot price still existed in the market. Guangdong 0# zinc was traded at RMB 12,750-12,800/mt, 1# zinc and imported zinc were traded at RMB 12,700-12,750/mt, the transactions were slim in spot market and the downstream producers were cautious about the purchase. As to futures market, LME zinc fell back after surged, and SHFE zinc price moved downward yesterday, with dominant contract closing at RMB 12,815/mt. Both trading volumes and position dipped, and SHFE zinc price faced great resistance at RMB 13,100/mt, so special attention should be paid to recent SHFE copper price trend.
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