






SHANGHAI, June 25 (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 24th
|
1,600
|
-29.5
|
42,198
|
226,657
|
339,525
|
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 24th
|
13,225
|
13,070
|
13,196
|
1:6.8316
|
|
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 24th
|
13,390
|
13,260
|
13,341
|
13,075
|
Summary
Yesterday, Shanghai 0# zinc was traded at RMB 13,050-13,100/mt, 1# zinc was traded at RMB 13,020/mt and imported zinc was traded at RMB 13,000/mt, the spot transactions were worse than yesterday, and the downstream producers adopted a cautious attitude toward purchase. Guangdong 0# zinc was traded at RMB 13,100/mt, 1# zinc was traded at RMB 13,050/mt, but with limited supply in the market. The transactions were neutral in spot market, and the trading sentiment was inactive. As to futures market, LME zinc price gained some losses and climbed to USD 1,500/mt. SHFE zinc price opened lower and went higher yesterday, and both trading volumes and positions increased, but the spot discounts remained unchanged. SHFE zinc price will fluctuate above RMB 13,000/mt in the short term.
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