






SHANGHAI, July 22 (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 21st
|
1,649.5
|
-24
|
46,313
|
211,720
|
352,475
|
SHFE Market
|
Zinc – Spot Month (RMB/mt)
|
RMB/USD
|
||
SHFE Close
|
Settlement
|
Weighted Ave.
|
||
July 15th
|
13,050
|
13,005
|
13,188
|
1:6.8328
|
July 21st
|
13,530
|
13,555
|
13,437
|
1:6.8311
|
|
Zinc – 3mth (RMB/mt)
|
Shanghai Spot
0# Zinc Ingot
|
||
SHFE Close
|
Settlement
|
Weighted Ave.
|
||
July 15th
|
13,220
|
13,110
|
13,351
|
13,025
|
July 21st
|
13,715
|
13,755
|
13,491
|
13,500
|
Summary
Yesterday, Shanghai 0# zinc was traded at RMB 13,500/mt, 1# zinc was traded at RMB 13,470/mt, and imported zinc was traded at RMB 13,450/mt, and transactions became worse in spot market, and a wait-and-see attitude dominated the downstream consumers. Guangdong 0# zinc was traded at RMB 13,400-13,450/mt, 1# zinc was traded at RMB 13,350/mt, and transactions were very weak in spot market, and the downstream purchasing sentiment was sluggish. As to futures market, overnight LME zinc price continued to move upward, which SHFE zinc price opened higher but went lower, and lost previous gains. The positions decreased sharply, and the wait-and-see sentiment dominated current market.
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