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Home / Metal News / SHFE Zinc Price Movement (2013-2-7)

SHFE Zinc Price Movement (2013-2-7)

Feb 7, 2013 11:58

Source:SMM

On January 7, SHFE zinc prices fell after opened lower, and #0 zinc prices in spot market were mainly between RMB 15,510-15,530/mt.

SHANGHAI, Feb. 7 (SMM) – On January 7, SHFE zinc prices fell after opened lower, and #0 zinc prices in spot market were mainly between RMB 15,510-15,530/mt, with spot discounts over the 1305 SHFE zinc contract price narrowing to RMB 330-360/mt. #1 zinc was mainly traded between RMB 15,470-15,480/mt. Spot zinc trading was rather quiet. Some traders intended to move goods for arbitrage given the narrowing spot discounts, but purchases were sparse as downstream buyers stayed out of the market.

spot zinc prices

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China’s trade data released last Friday were sluggish. US non-farm unemployment rate hit a 7-year low, boosting the US dollar index and weighing on base metals prices.

May 11, 2015 10:19

SMM Comments

SMM Zinc Weekly Price Review and Forecast (May. 4-8, 2015)

SHFE 1507 zinc contract followed LME zinc up to RMB 17,150/mt and then pulled back slightly. Buying activities increased marginally.

May 5, 2015 10:13

SMM Comments

SMM Zinc Market Daily Review (2015-4-30)

SHFE 1507 zinc contract opened at RMB 16,985/mt on Thursday and climbed to RMB 17,110/mt in the afternoon.

May 4, 2015 09:41

SMM Comments

SMM Zinc Market Daily Review (2015-4-28)

SHFE 1507 zinc contract opened at RMB 17,075/mt on Tuesday and slipped to RMB 16,900/mt at one point as longs booked profits.

Apr 29, 2015 10:26

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SMM Zinc Weekly Price Review and Forecast (Apr. 27-30, 2015)

Last week, the most active SHFE zinc contract shifted from the 1506 to the 1507, and the July delivery contract stalled at RMB 16,500-16,600/mt.

Apr 28, 2015 11:43

SMM Comments

SMM Zinc Market Daily Review (2015-4-22)

SHFE 1506 zinc contract prices opened at RMB 16,440/mt, then touched RMB 16,500/mt, and closed the day at RMB 16,525/mt, up RMB 100/mt or 0.61%.

Apr 23, 2015 09:45

SMM Comments

Spot Zinc Trading Slows in Shanghai (Feb. 27, 2015)

#0 zinc ingot traded at RMB 16,080-16,130/mt in Shanghai on Friday, a RMB 60-100/mt premium to the SHFE 1504 zinc contract.

Feb 27, 2015 14:06

SMM Comments

SMM Zinc Market Morning Review (2015-2-27)

On Friday, LME zinc is expected to move between USD 2,055-2,085/mt against a sharp rise in the US dollar index and continued slump in crude prices.

Feb 27, 2015 10:03

SMM Comments

SMM Zinc Market Daily Review (2015-2-25)

The most active SHFE 1505 zinc contract started sharply lower at RMB 16,055/mt and then fell further to RMB 15,980/mt on Wednesday.

Feb 26, 2015 08:53

SMM Comments

SMM Zinc Market Daily Review (2015-1-14)

SHFE 1503 zinc contract prices opened lower at RMB 16,080/mt Tuesday evening, then hovered around RMB 16,100/mt, and closing at RMB 16,105/mt, down RMB 220/mt or 1.35%.

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