






SHANGHAI, June 30 (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 29th
|
1,565
|
-26.5
|
40,470
|
225,477
|
353,700
|
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 29th
|
13,335
|
13,345
|
13,249
|
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 29th
|
13,440
|
13,485
|
13,364
|
13,325
|
Summary
Yesterday, Shanghai 0# zinc was traded at RMB 13,300-13,350/mt, 1# zinc and imported zinc were traded at RMB 13,230-13,300/mt, the transactions were limited in spot market, and the purchasing sentiment was low. Guangdong 0# zinc was traded at RMB 13,250-13,300/mt, 1# zinc was traded at RMB 13,250/mt, and the imported zinc was traded at RMB 13,200/mt, the spot market reported no improvement, and transactions were slim. As to futures market, LME zinc price fell, and SHFE zinc price fluctuated widely after opened, with three-month contract zinc price closing at RMB 13,440/mt, and the positions increased by 4,026 lots. SHFE zinc price lacked upward momentum and will unlikely break the previous high level in the short term.
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