Daily Report 170417 2017-04-17
Zinc and Lead
Last Friday LME Zinc and Lead market closed. Shanghai Zinc and Lead night section rushed high and rolled back. Long and short difference continued. Inventory side, till last Friday Shanghai Futures Exchange Zinc inventory is totally 165398 tons, decreased 16846 tons month-to-month. Actuals side, since last Wednesday domestic 0# Zinc premium has increased to above RMB 200/ton. Decreasing inventory caused premium to increase. Zinc price meets bolster at the bottom. As for operation, Shanghai Zinc and Lead price will stable at the bottom area. Short-term price may fluctuate, but total stable tendency is obvious.
Last week copper market was weak. Copper price fluctuated back. Last Friday LME closed. Last Monday to Thursday LME inventory decreased 8125 tons to 257000 tons. LME actuals weekly average discount is $29.69. Actuals market is still weak. Overall, the worry about supply suspension is disappearing. Although now is consumption season, downstream doesn’t has obvious market. As for operation suggests fluctuation tendency.
                                                                                    Dong LV (Investment Certificate NO. TZ008452)