SMM Zinc Market Daily Review (2015-6-30)

Published: Jul 1, 2015 09:06

Save

SHFE 1509 zinc contract prices opened at RMB 15,600/mt, then remained flat and closed at RMB 15,550/mt, down RMB 80/mt.

SHANGHAI, Jul. 1 (SMM) – SHFE 1509 zinc contract prices opened at RMB 15,600/mt, then remained flat and closed at RMB 15,550/mt, down RMB 80/mt. SHFE 1509 zinc contract prices fluctuated between RMB 15,550/mt on Friday, and fell sharply in the afternoon, dipping to RMB 15,380/mt, and closing at RMB 15,400/mt, down RMB 230/mt or 1.47%. Trading volumes increased 26,620 to 104,818 lots, and total positions grew 7,466 to 124,436. SHFE 1509 zinc contract prices will fall more slowly and test support from RMB 15,400/mt.

#0 zinc prices were between RMB 15,340-15,380/mt, RMB 0-30/mt above SHFE 1509 zinc contract prices. #1 zinc prices were RMB 15,300-15,340/mt. SHFE 1509 zinc contract prices fluctuated between RMB 15,340-15,350/mt, down RMB 200/mt, with spot premiums between RMB 20-50/mt in the morning, but turning to RMB 0-30/mt due to oversupply. Cargo holders liquidated inventories due to repayment for banks, leaving supply ample. Traders and downstream buyers took a wait-and-see attitude, with trading muted. SHFE 1509 zinc contract prices fell to RMB 15,220/mt in the afternoon, but cargo holders sold proactively on cash tightness, with spot premiums between RMB 0-30/mt against SHFE 1509 zinc contract prices.

SHFE zinc prices

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

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

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

Related News

8 mins ago

[SMM Tin Flash News: Korean Media: Samsung Electronics to Supply HBM4 Chips to OpenAI]

South Korea's Economic Daily reported on Thursday that Samsung Electronics is expected to supply OpenAI with its next-generation high-bandwidth memory (HBM4) chips for the latter's first in-house artificial intelligence processor. Last year, Samsung signed a memorandum of understanding, committing to supply memory chips for OpenAI's data centers to meet the growing demand of its "Stargate" project.

8 mins ago

[SMM Tin Bulletin: Institution: TSMC and Samsung Have Raised Prices for Wafer Toll Processing of Their Main 5/4nm Manufacturing Processes]

TrendForce stated that the two major wafer foundries, TSMC and Samsung Electronics, had increased prices for the most-traded advanced 5/4nm processes used for AI chips. At TSMC, capacity at the 5/4nm, 3nm, and 2nm periods will remain fully utilized, and toll processing prices for these processes have been increased across the board; meanwhile, order volumes for Samsung Foundry's 5/4nm processes also increased significantly, prompting it to issue price hike notices to clients in Q4 2025.

8 mins ago

9 mins ago

[SMM Tin Flash: Alibaba: T-Head AI Chip Shipments Exceeded 470,000 Units]

At the earnings conference call, Alibaba executives disclosed that as of February 2026, T-Head's AI chips, with support from Alibaba Cloud, had achieved cumulative shipments of 470,000 units in real-world business scenarios.

9 mins ago