






SHANGHAI, June 26 (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 25th
|
1,635
|
-28.5
|
26,845
|
227,470
|
340,625
|
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 25th
|
13,260
|
13,285
|
13,213
|
1:6.8331
|
|
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 25th
|
13,430
|
13,440
|
13,351
|
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 spot transactions were slim in the market. Guangdong 0# zinc was traded at RMB 13,200-13,250/mt, 1# zinc was traded at RMB 13,150-13,200/mt, the spot market was quiet and the trading sentiment was weak. As to futures market, LME zinc price soared to USD 1,600/mt. SHFE zinc price fluctuated higher yesterday. However, the weak spot market restricted the upward room for zinc price, so SHFE zinc price will find pressure at RMB 13,600/mt.
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