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锌：强现实弱预期，短期横盘
Guo Tai Jun An Qi Huo·2025-04-30 04:30

Group 1: Report Core View - Zinc market shows strong current situation but weak expectations, with short - term sideways movement [1] Group 2: Market Data Summary Futures Prices - Shanghai Zinc main contract closing price was 22,550 yuan/ton, up 0.13% [1] - LME Zinc 3M electronic trading closing price was 2,654 dollars/ton, up 0.32% [1] Trading Volume - Shanghai Zinc main contract trading volume was 103,421 lots, down 46,370 lots [1] - LME Zinc trading volume was 4,307 lots, down 1,166 lots [1] Open Interest - Shanghai Zinc main contract open interest was 114,582 lots, down 3,301 lots [1] - LME Zinc open interest was 206,210 lots, down 1,121 lots [1] Premiums and Discounts - Shanghai 0 Zinc premium was 165 yuan/ton, unchanged [1] - LME CASH - 3M premium was - 35.72 dollars/ton, down 0.99 dollars/ton [1] - Guangdong 0 Zinc premium was 455 yuan/ton, down 25 yuan/ton [1] - Import bill of lading premium was 135 dollars/ton, unchanged [1] - Tianjin 0 Zinc premium was 225 yuan/ton, down 20 yuan/ton [1] - Zinc ingot spot import profit and loss was - 60.8 yuan/ton, down 46.49 yuan/ton [1] - ZN00 - ZN01 was 240 yuan/ton, down 30 yuan/ton [1] - Shanghai Zinc continuous third - month import profit and loss was - 681.26 yuan/ton, up 23.18 yuan/ton [1] Inventories - Shanghai Zinc futures inventory was 2,429 tons, down 427 tons [1] - LME Zinc inventory was 177,550 tons, down 1,775 tons [1] Other Prices - 1.0mm hot - dipped galvanized coil tax - included price was 4,240 yuan/ton, down 15 yuan/ton [1] - LME Zinc cancelled warrants were 31,125 tons, up 1,600 tons [1] - Shanghai Zamak - 5 zinc alloy price was 31,125 yuan/ton, up 1,600 yuan/ton [1] - Zinc oxide ≥99.7% price was 21,900 yuan/ton, up 100 yuan/ton [1] Group 3: News and Trend News - US economic data was poor, US Treasury yields hit a three - week low. US dollar index rebounded; British pound fell from a three - year high; offshore RMB once rose more than 300 points and broke through 7.26, hitting a more than three - week high [2] Trend - Zinc trend strength was 0, indicating a neutral trend [2]