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[Zn] CBI Morning Review - 2009/6/22 Zinc Market

iconJun 22, 2009 00:00

SHANGHAI, June 22 (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 19th
1,565
-29
37,401
227,018
339,100

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 19th   
13,280
13,265
13,285
1:6.8338
 

 
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 19th   
13,355
13,380
13,396
13,225

Summary

Last Friday, Shanghai 0# zinc was traded at RMB 13,200-13,250/mt, 1# zinc and imported zinc were traded at RMB 13,150/mt, the spot market recorded no significant improvement, and the transactions remained slim. Guangdong 0# zinc was traded at RMB 13,200/mt, 1# zinc was traded at RMB 13,150/mt, and imported zinc was traded at RMB 13,100/mt, transactions were moderate in spot market. As to futures market, SHFE zinc price fell slightly last Friday, and the trading sentiment was weak, and the positions declined slightly. US dollar trend will decide the zinc price trend in the short term due shortages of fundamental news.

 

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