






SHANGHAI, June 19 (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 18th
|
1,565
|
-27
|
47,019
|
229,390
|
337,925
|
SHFE Market
|
Zinc – Spot Month (RMB/mt)
|
RMB/USD
|
||
SHFE Close
|
Settlement
|
Weighted Ave.
|
||
June 15th
|
13,270
|
13,450
|
13,114
|
1:6.8343
|
June 18th
|
13,305
|
13,310
|
13,286
|
1:6.8321
|
|
Zinc – 3mth (RMB/mt)
|
Shanghai Spot
0# Zinc Ingot
|
||
SHFE Close
|
Settlement
|
Weighted Ave.
|
||
June 15th
|
13,410
|
13,455
|
12,880
|
13,400
|
June 18th
|
13,425
|
13,435
|
13,398
|
13,275
|
Summary
Yesterday, Shanghai 0# zinc was traded at RMB 13,250-13,300/mt, 1# zinc was traded at RMB 13,230/mt, and imported zinc was traded at RMB 13,200/mt, the trading sentiment was weak in spot market. Guangdong 0# zinc was traded at RMB 13,200-13,250/mt, 1# zinc was traded at RMB 13,150/mt, and imported zinc was traded at RMB 13,100/mt, spot transactions were general, while downstream inquiries increased. As to futures market, LME zinc price advanced slightly boosted by weakened US dollar. Yesterday, SHFE zinc showed weak performance, the trading volumes continued to decrease, and the positions declined by 8,588 lots. Zinc price will continue to fluctuate in the short term.
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