






SHANGHAI, June 11 (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 10th
|
1,625
|
-29
|
57,055
|
233,973
|
327,800
|
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 10th
|
13,520
|
13,515
|
12,966
|
1:6.8336
|
|
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 10th
|
13,595
|
13,615
|
12,867
|
13,400
|
Summary
Yesterday, Shanghai 0# zinc was traded at RMB 13,400/mt, 1# zinc was traded at RMB 13,380/mt, and the imported zinc was traded at RMB 13,350-13,400/mt, the market players were optimistic over price outlook, while the spot trading sentiment was moderate. Guangdong 0# zinc was traded at RMB 13,400/mt, 1# zinc was traded at RMB 13,350/mt, the spot transactions were weak, and the buying interest of downstream producers remained sluggish. As to futures market, LME zinc climbed, and SHFE zinc price fluctuated narrowly, with three-month contract up to RMB 13,700/mt. The trading volumes increased by nearly 50,000 lots.
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