






SHANGHAI, July 14 (CBI China) -- LME Market
|
Close
(USD/mt)
|
Premium/Discount
|
Volume
(lot)
|
Position
(lot)
|
Inventory
(mt)
|
3-mth Contract
|
Spot – 3 mth
|
||||
June Average
|
1,583
|
-27
|
48,135
|
228,378
|
333,986
|
July 13th
|
1,465
|
-24
|
58,799
|
221,281
|
351,150
|
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
|
July 13th
|
12,715
|
12,820
|
13,203
|
1:6.8320
|
|
Zinc – 3mth (RMB/mt)
|
Shanghai Spot
0# Zinc Ingot
|
||
SHFE Close
|
Settlement
|
Weighted Ave.
|
||
June 15th
|
13,410
|
13,455
|
12,880
|
13,400
|
July 13th
|
12,700
|
12,860
|
13,356
|
12,880
|
Summary
Yesterday, Shanghai 0# zinc was traded at RMB 12,830-12,930/mt, 1# zinc was traded at RMB 12,800/mt, and imported zinc was traded at RMB 12,750/mt, the trading sentiment improved in spot market, but more traders were pessimistic towards market outlook. Guangdong 0# zinc was traded at RMB 12,800-12,850/mt, 1# zinc was traded at RMB 12,750-12,800/mt, inquiries were up, but trading sentiment was lukewarm. As to futures market, SHFE zinc price moved downward rapidly yesterday. SHFE three-month contract zinc price received limited support at RMB 12,850/mt, and then continued to fall, with a decline of 3.86%. The positions increased by 76,000 lots, ad any downward room for zinc price will be limited in the short term.
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