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SHMET Spot Market Briefing 20100715-Zinc

Shanghai Spot Metal Quote (SHMET)

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Jul 15 2010

Metals

Price(RMB/T)

Change

b/c

Copper

53650-53900

+50

c 100/b 50

Aluminum

14640-14680

0

c 20/b 20

Lead

14750-14950

0

 

1#Zinc

14950-15050

+100

c 260/c 160

0#Zinc

15000-15100

+100

c 210/c 110

Tin

138000-139000

+250

 

Nickel

153500-154500

-500

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Report by SHMET

Zinc
Shanghai 0#Zinc is quoted between RMB 15000 and 15100 per tonne, up RMB 100 per tonne, with trading from RMB 210 contango to 110 backwardation; 1#Zinc is quoted between RMB 14950 and 15050 per tonne, up RMB 100 per tonne, with trading from RMB 260 to 160 contango. SHFE Zinc consolidated at lower level in the early morning and then surged by the positive Chinese economic data. At about ten o’clock, the quotation is flat with yesterday on the spot market, and then quoted higher with the rising SHFE price. The sales is poor. Downstream consumers are unwilling to purchase more expensive goods.

“ The rising SHFE price is unexpected. We quoted regular 0#zinc at RMB 14950 per tonne before, and there are many inquiring calls on the market. After SHFE price went up, we rose by RMB 100 per tonne again, and both inquirers and buyers have decreased. The sales is very weak.” A zinc trader said to SHMET.

“ We have sold more than 100 tonnes of goods today, and most of them had been sold before 10:15. The consumption on the zinc market has not been changed yet. Most downstream consumers chose to wait and see for the near-future market after the price went higher.” Another zinc trader said to SHMET. 
 

 


More analysis please visit at http://en.shmet.com

 

SHMET History Data for the metal (from2001 to 2010) please visit at http://en.shmet.com/Data/Data.aspx?metal=6&year=2010

 

The Most authoritative non-ferrous metals index in China—SHMETX please check: http://en.shmet.com/PriceIndex/Shmetx.aspx

Shanghai Metal Price Index, “SHMETX” for short, reflects non-ferrous metals’ spot prices of Shanghai comprehensively, compiled and published by Shanghai Metals Exchange (“SHMET”). Its characteristics are objective, high-efficiency, professional, authoritative, etc. The average prices of sampling varieties can be the standard of quoting prices and reference inside and outside the industry.

 

Shanghai Precious Metals Quote(SHMET)

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Jul 15 2010

Metals

Price

Change

Units

1#Silver

4205-4215

0

RMB/KG

2#Silver

4195-4205

0

RMB/KG

3#Silver

4185-4195

0

RMB/KG

Gold

264.1-264.35

-0.1

RMB/G

Platinum

349-352

-1

RMB/G

Palladium

114-116

+0.5

RMB/G

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