






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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