Non-ferrous
Non-ferrous
Base Metals
Photovoltaic
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
Ferrous Metals
New Energy
DashboardDatabaseProReportsEventsCar InsightSHANGHAI, 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.
For queries, please contact Michael Jiang at michaeljiang@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn