SMM Zinc Market Daily Review (2015-4-24)

Apr 27, 2015 10:29

SHFE 1507 zinc contract dropped after starting Friday’s daytime trading and then stabilized at RMB 16,500/mt before ending at RMB 16,595/mt.

SHANGHAI, Apr. 27 (SMM) – SHFE 1507 zinc contract dropped after starting Friday’s daytime trading and then stabilized at RMB 16,500/mt before ending at RMB 16,595/mt, up RMB 10/mt. Trading volumes shed 34,994 lots and positions grew 1,886. The most active zinc contract is feeling greater resistance, but support at RMB 16,500/mt is solid.

Prices of #0 zinc were RMB 16,400-16,430/mt, with discounts of RMB 70-100/mt to SHFE 1506 zinc contract. #1 zinc traded at RMB 16,330-16,350/mt. Although smelters shipped out goods normally, supply of ordinary brands declined, narrowing its price gap with well-known brands. Some downstream buyers started building stocks for the May Day holiday.

SHFE zinc prices

spot zinc prices

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

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

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.

SMM Zinc Market Daily Review (2015-4-24)

SMM Events & Webinars

NET ZERO CHINA Field Trip

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025