SHFE Zinc Leads Price Declines, Ferrous Metals Plunge

Published: Oct 10, 2017 15:07

Save

SHFE base metals mostly fell on October 10 and closed with losses, except for nickel.

SHANGHAI, Oct. 10 (SMM) – SHFE base metals mostly fell on October 10 and closed with losses, except for nickel.

LME Base Metals Inventory during Sept 29-Oct 6

SHFE zinc and lead fell 2%, leading price drop.

SHFE Zinc Hits 10-Year High, Ferrous Metals Mixed

Ferrous metals tumbled today. DCE coke closed 5% lower, and SHFE rebar dropped over 4%. SHFE hot-rolled coil and DCE coking coal slid over 3%, and DCE iron ore slumped over 2%.

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

base metals copper aluminum zinc nickel copper prices aluminum prices zinc prices nickel prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

52 mins ago

China Copper Foil Customs Details, March 2026: Exports Hit a Single-Month Record High [SMM Analysis]

SMM Analysis: According to data from the General Administration of Customs, China's copper foil (HS codes: 74101100, 74102190) imports in March 2026 were 8,220.04 mt, up 11.88% YoY and up 27.59% MoM...

52 mins ago

1 hour ago

Stable Sulphur and Sulphuric Acid Supply in Zambia and DRC, Prices Fluctuate at High Levels in DRC

According to recent SMM on-site surveys, sulphur and sulphuric acid supply in Zambia and the DRC has not experienced significant shortages, and has not yet had a substantive impact on copper and cobalt smelting production in the two regions. Zambia's domestic sulphuric acid supply is self-sufficient, with supply pressure concentrated in the DRC. Currently, raw materials in the DRC can be procured normally, but prices fluctuate at high levels, with the delivery-to-factory price of sulphuric acid ranging from $1,000 to $1,400/mt, reaching a peak of $1,400/mt. Sulphur DAP quotes range from $1,500 to $1,800/mt, and DDP quotes range from $2,300 to $2,500/mt. Dar es Salaam port holds sulphur inventory, mostly held by traders holding back from selling while waiting for higher prices.

1 hour ago

Xinya Cable Reports 4% Revenue Growth, 25.57% Drop in Net Profit for 2025 Amid Market Challenges

Xinya Cable (001382) disclosed its annual report on April 20. In 2025, the company achieved operating revenue of 2.947 billion yuan, up 4.00% YoY; net profit attributable to the parent company was 100 million yuan, down 25.57% YoY; basic earnings per share were 0.26 yuan. The company proposed a cash dividend of 0.75 yuan per 10 shares (tax inclusive). The decline in net profit attributable to the parent company was mainly due to the following reasons: first, intensified competition in the wire and cable market and the sustained rise in raw material prices of copper and aluminum put the company's comprehensive gross margin under pressure; second, the expansion of the company's accounts receivable led to an increase in credit impairment loss provisions.

1 hour ago