






SHANGHAI, June 12 (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 11th
|
1,720
|
-30
|
67,050
|
234,610
|
329,075
|
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 11th
|
16,575
|
13,525
|
13,011
|
1:6.8348
|
|
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 11th
|
13,620
|
13,640
|
12,871
|
13,395
|
Summary
Yesterday, Shanghai 0# zinc was traded at RMB 13,370-13,420/mt, 1# zinc was traded at RMB 13,350/mt, and the imported zinc was traded at RMB 13,300/mt, the transactions were limited in spot market, and the imported zinc supply decreased. Guangdong 0# zinc was traded at RMB 13,400/mt, 1# zinc was traded at RMB 13,350/mt, the spot transactions were limited, and the sudden zinc rise at noon boosted the market sentiment. As to futures market, LME zinc price stabilized in the high level, and SHFE zinc fluctuated yesterday, and soared to RMB 13,970/mt in the afternoon propelled by speculative funds. However, SHFE zinc fell again and closed at RMB 13,725/mt. Zinc price met strong resistance at RMB 13,900/mt.
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