Non-ferrous
PriceNewsPublicationDatabaseEventsConsultingNon-ferrous
Base metals
Minor metals
Precious metals
Scrap metals
Rare earth
News
SMM Morning Review - 2012/2/3 Zinc Market
Feb 3,2012 09:32
CSTsmm insight
Source:SMM
SMM predicts weak LME zinc prices last night will depress today’s SHFE zinc prices, expecting SHFE three-month zinc contract prices will move between RMB 15,600-15,900/mt.
SHANGHAI, Feb. 3 (SMM) -- Markets remained cautious before the release of US non-farm payrolls due Friday. US data shows that initial jobless claims last week decreased by 12,000, to 367,000, slightly better than market expectations. LME zinc prices fell slightly below USD 2,100/mt last night and finally closed at USD 2,086.8/mt, down USD 30.8/mt.
SMM predicts weak LME zinc prices last night will depress today’s SHFE zinc prices, expecting SHFE three-month zinc contract prices will move between RMB 15,600-15,900/mt, while spot discounts are expected to remain between RMB 250-350/mt.
zinc Zn
zinc price
For queries, please contact Frank LIU at liuxiaolei@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
Related news
One Zinc Smelter in South China Cuts Output for Maintenance, SMM Reports
One zinc smelter in South China began maintenance cycle due to transformer and device reasons.
Sep 5, 2017 17:05CST
Survey of Factors behind Surging Zinc Price
Many zinc traders contributed the surge in zinc market mainly to two factors, 21st Century Business Herald reported.
Aug 29, 2017 10:29CST
Here’s Why Price Spread Narrows Sharply between Imported and Domestic Zinc, SMM Reports
The price spread between domestic and imported zinc has narrowed recently, SMM noted.
Aug 3, 2017 10:27CSTPrice Hike Storm Sweeps Tyre Market in China
China’s tyre producers announced to raise prices, in response to environmental protection inspections and nearing of peak season in auto market.
Jul 12, 2017 15:43CST
MOST POPULAR
data analysis
data analysis
data analysis
data analysis
data analysis
China Metals Market
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Copyright © 2020 SMM Information & Technology Co, Ltd. All rights reserved.
