Home / Metal News / Copper / SMM Zinc Market Morning Review (2015-5-4)
SMM Zinc Market Morning Review (2015-5-4)
May 4,2015 09:41CST
price review forecast
Source:SMM
LME zinc prices opened at USD 2,340/mt and rose to USD 2,350/mt at one point on improving market sentiment and growing LME zinc backwardation

SHANGHAI, Apr. 30 (SMM) – LME zinc prices opened at USD 2,340/mt and rose to USD 2,350/mt at one point on improving market sentiment and growing LME zinc backwardation, to end at USD 2,348/mt, up RMB 7/mt.

China’s official manufacturing PMI for April remained flat with March’s reading, but expectation for pro-growth measures increased after remarks of Chinese officials.

SHFE trading was suspended last Friday for the May Day holiday, and SHFE zinc prices are expected to test RMB 17,300/mt on Monday.

Spot zinc may be offered at discounts of RMB 130-110/mt to SHFE 1507 zinc contract prices with both buyers and sellers remaining cautious.  

LME zinc prices

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