






SHANGHAI, June 9 (CBI China) -- LME Market
|
Close (USD/mt) |
Premium/Discount |
Volume (lot) |
Position (lot) |
Inventory (mt) |
3-mth Contract |
Spot – 3 mth | ||||
May Average |
1,513 |
-28 |
47,181 |
223,100 |
323,012 |
June 8th |
1,555 |
-27.5 |
51,909 |
227,406 |
326,125 |
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 |
June 8th |
13,190 |
13,295 |
12,916 |
1:6.8365 |
|
Zinc – 3mth (RMB/mt) |
Shanghai Spot 0# Zinc Ingot | ||
SHFE Close |
Settlement |
Weighted Ave. | ||
May 15th |
12,430 |
12,400 |
12,927 |
12,500 |
June 8th |
13,295 |
13,365 |
12,863 |
13,300 |
Summary
Yesterday, Shanghai 0# zinc was traded at RMB 13,300/mt, 1# zinc was traded at RMB 13,200/mt, and the price of imported zinc was RMB 13,150-13,200/mt, the firm zinc price dampened the transactions in spot market, while the purchases of downstream producers were limited. Guangdong 0# zinc was traded at RMB 13,150-13,250/mt, 1# zinc was traded at RMB 13,100-13,200/mt, the transactions were weak in spot market, and the discount for spot zinc became wider. As to futures market, LME zinc price fell slightly, and SHFE zinc moved in the low level yesterday and closed at RMB 13,410/mt. The positions declined by 6,570 lots, and the trading volumes slumped as well. SHFE zinc price faced downward pressure, but any downward room will be limited.
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