






SHANGHAI, July 31 (SMM) -- 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 30th
|
1,710
|
-25
|
36,788
|
208,366
|
393,425
|
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 30th
|
13,765
|
13,685
|
13,645
|
1:6.8335
|
|
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 30th
|
13,960
|
13,820
|
13,640
|
13,625
|
Summary
On Thursday, Shanghai 0# zinc was traded at RMB 13,600-13,650/mt, 1# zinc was traded at RMB 13,570-13,600/mt. SHFE zinc prices fluctuated, while trading sentiment remained weak in spot market, but overall transactions improved slightly. SHFE zinc prices gained some losses at noon, but Guangdong market remained quiet, with limited inquiries. 0# zinc was traded at RMB 13,650/mt, 1# zinc and imported zinc were traded at RMB 13,550-13,600/mt. As to futures market, overnight LME zinc price moved downward, and SHFE zinc prices continued to fall, but gained some losses at noon propelled by rebounding SHFE aluminum prices. SHFE zinc three-month contract prices closed at RMB 14,030/mt. The fluctuation range for SHFE zinc prices climbed markedly, and zinc prices are expected to fluctuate narrowly in the near future.
Copyright © 2009, CBI (Shanghai) Co., Ltd. All Rights Reserved.
None of this material may be used for any commercial or public use in any form or means, without the prior written consent of CBI China. For reproduction issue, please contact us by email: metalresearch@cbichina.com or tel:86-21-51550040
For queries, please contact Lemon Zhao at lemonzhao@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn