Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
Price CenterDatabaseProReportsEventsCar Insight
[Zn] SMM Morning Review - 2009/8/18 Zinc Market
SHANGHAI, Aug. 18 (SMM) -- LME Market
|
|
Close
(USD/mt)
|
Premium/Discount
|
Volume
(lot)
|
Position
(lot)
|
Inventory
(mt)
|
|
3-mth Contract
|
Spot – 3 mth
|
||||
|
July Average
|
1,606
|
-25.5
|
46,010
|
215,749
|
358,340
|
|
Aug. 17th
|
1,800
|
-27.5
|
49,714
|
219,751
|
431,800
|
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
|
|
Aug. 17th
|
14,315
|
14,285
|
13,948
|
1:6.8333
|
|
|
Zinc – 3mth (RMB/mt)
|
Shanghai Spot
#0 Zinc Ingot
|
||
|
SHFE Close
|
Settlement
|
Weighted Ave.
|
||
|
July 15th
|
13,220
|
13,110
|
13,351
|
13,025
|
|
Aug. 17th
|
14,515
|
14,530
|
13,528
|
14,300
|
Summary
On Friday, Shanghai #0 zinc was traded at RMB 14,300/mt, #1 zinc was traded at RMB 14,250-14,300/mt, and imported zinc was traded around RMB 14,250/mt. The plunged SHFE zinc prices generated a reluctance of selected smelters in selling goods, and downstream buyers remained cautious, resulting in lackluster trading activity in the market. Guangdong #0 zinc was traded at RMB 14,200/mt, #1 zinc and imported zinc were traded at RMB 14,150/mt. As SHFE zinc prices fell to daily limits, trading volumes declined significantly in the afternoon, but downstream consumers had high interest in purchases at lower prices.
As to futures market, SHFE zinc prices plummeted to daily limits, with three-month contract prices closing at RMB 14,465/mt, down 5%, and the positions increased by 13,256 lots. The US consumer confidence index released by the US last Friday was worse than expected, increasing investor concerns over economic recovery, so metal prices dipped generally. SHFE zinc prices are expected to fall further to find support in the short term.
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
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
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
SMM Events & Webinars
All- Sep15
NET ZERO CHINA Field Trip
Sep 15 - 19,2025中国
- Sep26
2025 ASIA BATTERY MATERIAL COOPERATION SALON
Sep 26 - 26,2025Time：9.26 2025 Place：Seoul， South KoreaSeoul， South Korea
- Oct14
SMM LME Metals Seminar 2025
Oct 14 - 14,2025Emmanuel Centre，London , the United Kingdom
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday Pricing Schedule
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2025 SMM Information & Technology Co., Ltd. All rights reserved.
