Home / Metal News / [Zn] CBI Morning Review - 2009/6/19 Zinc Market

[Zn] CBI Morning Review - 2009/6/19 Zinc Market

iconJun 19, 2009 00:00

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
 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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