Preholiday stockpiling, low stocks buoy SHFE zinc prices

The SHFE 1811 contract jumped for two consecutive days and broke through 21,000 yuan/mt as of Wednesday Sep 19

07:00PM yesterday

SMM Insight

MMi Daily Iron Ore Report (Sep 19)

Physical spot iron ore port stock offers were relatively stable today. Traders were unwilling to settle for lower prices, despite buyers looking to only top up existing inventory.

06:31PM yesterday

Price Review & Forecast

SMM Evening Comments (Sep 19)

SMM Evening Comments

05:29PM yesterday

Price Review & Forecast

Trades in east China aluminium market brisk ahead of holidays

Most transactions were heard at 14,460-14,470 yuan/mt in Shanghai with discounts of 20-10 yuan/mt against the October contract

02:58PM yesterday

Price Review & Forecast

Fundamentals to buoy copper prices after US-China trade war recedes from the spotlight

Inventories across LME, SHFE and COMEX as of Friday Sep 14 stood 18.2% lower than the corresponding period last year

11:50AM yesterday

SMM Insight

SMM Morning Comments (Sep 19)

SMM Morning Comments

09:40AM yesterday

Price Review & Forecast

MMi Daily Iron Ore Report (Sep 18)

Trading activity grew as port stock offers rose with traders and steel mills keen to tap demand before the National Day holiday

06:51PM Sep 18, 2018

Price Review & Forecast

SMM Evening Comments (Sep 18)

SMM Evening Comments

06:09PM Sep 18, 2018

Price Review & Forecast

Spot zinc trades pick up in Shanghai, Guangdong

Rising prices of zinc futures improved destocking sentiment across Shanghai smelters

05:16PM Sep 18, 2018

Price Review & Forecast

Steel spot prices to weaken in short term as typhoon lowers demand

But current low inventories will limit downward room in steel prices

03:27PM Sep 18, 2018

SMM Insight