Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
Price CenterDatabaseProReportsEventsCar Insight
[Zn] SMM Morning Review - 2009/8/21 Zinc Market
SHANGHAI, Aug. 21 (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. 20th
|
1,790
|
-27
|
48,614
|
215,881
|
433,100
|
SHFE Market
|
|
Zinc – Spot Month (RMB/mt)
|
RMB/USD
|
||
|
SHFE Close
|
Settlement
|
Weighted Ave.
|
||
|
Aug. 17th
|
14,315
|
14,285
|
13,948
|
1:6.8333
|
|
Aug. 20th
|
14,730
|
14,620
|
14,397
|
1:6.8318
|
|
|
Zinc – 3mth (RMB/mt)
|
Shanghai Spot
#0 Zinc Ingot
|
||
|
SHFE Close
|
Settlement
|
Weighted Ave.
|
||
|
Aug. 17th
|
14,515
|
14,530
|
13,528
|
14,300
|
|
Aug. 20th
|
14,950
|
14,850
|
14,668
|
14,500
|
Summary
On Thursday, Shanghai #0 zinc was traded at RMB 14,500/mt, #1 zinc and imported zinc were traded at RMB 14,450-14,500/mt. SHFE zinc prices slipped and spot market became weak obviously. Yesterday, the downstream purchases showed cautious attitude as SHFE zinc prices plunged in the afternoon on Wednesday. In Guangdong market, zinc traded prices fluctuated widely. In the morning, SHFE zinc prices were weak, and trading volumes were limited. In the afternoon, #0 zinc was traded at RMB 14,500/mt, #1 zinc and imported zinc were traded at RMB 14,450-14,500/mt upon stabilized SHFE zinc prices, with increased purchasing volumes and improved reluctance from selected suppliers.
As to futures market, LME zinc prices closed on rise, and SHFE zinc prices opened high and went higher yesterday, with 0912 contract prices closing at RMB 15,050/mt. At present, firm LME zinc prices helped support SHFE zinc prices, but great resistance still came from RMB 15,000/mt, so SHFE zinc prices will remain high 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- 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
- Oct16
AICE 2025 SMM (14th) Aluminum Industry Annual Conference
Oct 16 - 17,2025Zhengzhou, Henan Province
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.
