






SHANGHAI, July 15 (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 14th
|
1,497
|
-28
|
70,476
|
218,673
|
354,150
|
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 14th
|
12,765
|
12,790
|
13,193
|
1:6.8332
|
|
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 14th
|
12,895
|
12,835
|
13,352
|
12,775
|
Summary
Yesterday, Shanghai 0# zinc was traded at RMB 12,750-12,800/mt, 1# zinc was traded at RMB 12,700/mt, and imported zinc was traded at RMB 12,650-12,700/mt, transactions were weak in spot market, and trading volumes decreased significantly. Guangdong 0# zinc was traded at RMB 12,800-12,850/mt, 1# zinc was traded at RMB 12,750-12,800/mt, and imported zinc was traded at RMB 12,750/mt, spot transactions were general. As to futures market, overnight LME zinc price fell, and yesterday SHFE zinc price fluctuated higher and closed at RMB 12,890/mt. The positions shrank. Zinc price is expected to move downward in the short term give current great domestic inventory pressure.
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